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Pastimes : Preventing global economic collapse - what we can do -- Ignore unavailable to you. Want to Upgrade?


To: Rande Is who wrote (9)9/4/1998 1:08:00 AM
From: Gary105  Read Replies (1) | Respond to of 13
 
Agree on Malaysia's brash move; disagree on the Fed. Right now we either have or are approaching inverted yield curve which often signals deflation. The Fed has little immediate direct control over long rates - it does however control short term rates. They have historically been proactive on inflation but reactive on recession. My fear is that if they do not act soon the US plunges into a recession within 6 - 12 months, which may be a long one given slowdown of rest of world. The world needs greater liquidity now and the fed needs to set an example.