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To: James Strauss who wrote (5905)9/29/1998 12:50:00 AM
From: ed doell  Read Replies (1) | Respond to of 7006
 
>>Lower interest
rates are the right medicine for a deflationary environment<<

**

That's what the Japanese told themselves all the way down to their current interest rate levels...tell me what their economy is doing right now. Low interest rates don't work as expected in deflation.

Ed