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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (15242)	2/20/2002 2:19:43 AM
From: Raymond Duray	Read Replies (1) \| Respond to of 74559

Then the Fed will get into a second round of panic cutting down to the magic zero number as the NAS dives under 1000, Dow below 7000 etc. etc.... You are remarkably optimistic tonight. But, what do you think might really happen? <GG> Thanks David, Good post. Re: Without the cut to 1.75 the NAS would already be at 500 <ng> I'm way more optimistic. Without any cuts, 650. With a cut to 300bp, 1001. But, that's all hypothetical, now isn't it? Re: Japan is in a depression.... and interest rates can't be cut further. Ahhh, that the beauty of seigniorage. There's more than one way to skin that cat. Re: cause foreign investors to pull their money out in a self-accelerating decline as the USD goes down Now you've sort of lost me. Decline relative to which other depressed currency? The shekel, the drachma, the ruble, the zloty, the rinminbi or what? Re: interest rates are working in the opposite direction on the FOREX market than in the standard macro textbook treatment Now that is a fascinating observation and way above my pay scale. Could you dim this down so a country boy can get some notion of what the heck it was you just said? TIA, Ray :)