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To: Joan Osland Graffius who wrote (161155)4/20/2002 9:19:15 PM
From: Win-Lose-Draw  Respond to of 436258
 
we were advised to have at least a years worth of savings for a period of unemployment

that was then, this is now. now we have the esteemed head of the nation's money supply bestowing sainthood on the free-spending consumers who kept the more responsible elements of society from sinking into a nasty recession.

the long-term implications are staggering and have been beaten to death on this - and other -threads.

what was the term? "liquidity death spiral"?