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To: mishedlo who wrote (255393)8/13/2003 10:46:00 AM
From: Shack  Respond to of 436258
 
Bond market has been flipping Greenspan off for two years. In early 2001 AG began his reductions in the fed funds rate from over 6% to below 2% today. Guess where the 10 year yield is right now....pretty much where it was in early 2001.

Pretty effective policy.-g



To: mishedlo who wrote (255393)8/13/2003 11:26:21 AM
From: Mike M2  Respond to of 436258
 
M, last night on Kudlow & Kramer there was an academic? economists named Krause? maybe he was from the Hoover Institute he said Greenspan had lost his credibility - Kramer seemed to agree. Funny to hear that on CNBC mike


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