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To: UnBelievable who wrote (241185)5/18/2003 8:31:58 PM
From: Tommaso  Read Replies (2) | Respond to of 436258
 
There's very little the Fed has left it can do. We are only a short distance now from zero interest rates, and the dollar is falling very fast. There's nothing in the world that can give the dollar value except interest rates. Volcker knew that and was willing to run them up to 20% to stop inflation. Some very weird things are about to start happening IMHO