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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (242110)	9/17/2007 4:01:49 PM
From: c.hinton	Respond to of 281500

Michael would you care to place a wager. if what you said were true there would never be a recession.LOL lets remind ourselves of this post down the road abit...it might make for a good laugh.

To: michael97123 who wrote (242110)	9/18/2007 3:20:20 PM
From: c.hinton	Read Replies (2) \| Respond to of 281500

its only a couple of hours since that 1/2pt rate cut ... but dont look at the dollar it has not heard your prediction. " PS you will get a kick out of this sun. My two roomates were mba and PhD at U of chicago and Milton Friedman once came for dinner. I learnded some of this from him over italian food prepared by italian roomie. He said whenever you are sure of a result, figure the opposite. .. dollar about as low as it will go. Lowering rates will have the effect of increasing growth thus strenghtening the dollar. This has happened before i am told. Raise rates, cause a recession, perhaps a severe one and then you really have trouble."