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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (59330)	12/24/2009 7:53:19 AM
From: TobagoJack	1 Recommendation Respond to of 218633

the world cannot afford volcker and the planet cannot afford not-volcker adds flavors to the rock and the hard place, with the dust in between :0) perhaps 2010 would bring on the resolution delicious have a good holiday, cheers

To: elmatador who wrote (59330)	12/24/2009 12:02:56 PM
From: RJA_	5 Recommendations Respond to of 218633

Volcker is in his 80's. Anything he is doing now is IMHO motivated by the wish to do good for the country. I was there in the 70's, and even though I was gold invested, I believe he did the right thing at that time. However, given the amount of debt I am not sure that particular policy would work at this time. His main emphasis at this time is splitting the domestic banking function from the investment banking function, the former to be federally insured, the later to live or die on its own. I believe he is very much right on this, and to avoid a wash and repeat of 2008, we need to follow his advise.