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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Doug Robinson who wrote (24879)	5/22/2003 8:28:30 AM
From: lee kramer	Read Replies (1) \| Respond to of 26752

Hi Doug: You present several points; and they are tough. But I'll respond as best I can. - Who but the Fed can solve the problem? What IS the problem? - Yes,he's made 11 or 12 cuts and they have not worked; but many homeowners have refinanced multiple times and sharp corporations have swapped high interest debt for much lower debt. - His experience with deflation, [and I am convinced that we are not in a deflationary period] seems honest. He has not had to deal with deflation, though he appears to fear it. - I do not think we are in a bear market. Certainly not in the Nasdaq. They may eventually break down, but I'm seeing an awful lot of major re-accumulation bottoms. - - I don't feel he's on a power trip; just doing the best he can. I suspect that low interest rates, personal and corporate will eventually "work." The charts suggest that this may be so.