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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (2131)	7/15/2002 11:38:03 AM
From: Jim Willie CB	Read Replies (2) \| Respond to of 89467

if Fed cuts rates, watch the USdollar go out of control down this would be a colossal error and would bring with it extremely large consequences in several areas: - currency crisis - accelerated stock declines - inflation encouragement within US economy the stock market is NOT dropping because of poor earnings expectations so much it is from false reporting of earnings systemically the bigger reason has to do with a falling USdollar if the Fed cuts rates, then the US$ enters a freefall they wont cut this addresses directly a MAJOR POINT made by me for weeks THE FEDERAL RESERVE AND GREENSPAN ARE CAUGHT IN A BOX they cannot raise rates they cannot lower rates they are POWERLESS the next few months with US$ action and S&P500 action will make this point abundantly clear / jim