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To: long-gone who wrote (25446)1/5/1999 10:44:00 AM
From: Hawkmoon  Read Replies (1) | Respond to of 116752
 
If we can't achieve economic growth, and our currency is under attack it could equate to that.

If we have to keep rates high to attact capital to the US dollar(or depositors from withdrawing), we can't justifiably lower the funds/discount rates to boost liquidity for banks.

If you can't lower rates, you face continuing pressure on profits for both banks and corporations.

Scary thought... but potentially a possibility.

Regards,

Ron