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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Mike Johnston who wrote (51812)	1/27/2006 5:35:45 PM
From: Bonefish	Read Replies (1) \| Respond to of 110194

ref"For example, retirees were ones that were disproportionately hurt when Fed cut rates to the bone after the Nasdaq collapse." As were all savers. Greenspan is a real smuxk as were those in Congress that stood by. Meanwhile I have to watch trades people make more than doctors.

To: Mike Johnston who wrote (51812)	1/27/2006 5:39:07 PM
From: shades	Read Replies (1) \| Respond to of 110194

retirees were ones that were disproportionately hurt when Fed cut rates to the bone after the Nasdaq collapse. Retired graces were very bad off in the depression - so the worker class had to help the sick and old, but today I read the old retired graces have all the wealth - and we need to bleed them some to give to the poor workers. One of my econ professors said the fed gubbment has only 2 real reasons for existence - and all gubbments through history had the same 2. National defense - and redistributing the wealth from those that have it to those that don't and taking thier cut in the middle - hehe.