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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: IngotWeTrust who wrote (27356)	1/30/1999 3:17:00 PM
From: John Mansfield	Read Replies (2) \| Respond to of 116764

'We've had two potential market crashes - October 1997 (triggered by the collapse of Asian economies) and October 1998 (triggered by the collapse of Russian debt and bailout of LTCM) averted by timely Fed action, so clearly the Federal Reserve has the clout to keep the confidence game going for awhile, at least in the investment arena. But no one expects nor, in my opinion, does the Fed have the ability to prop up confidence in the face of systems, organizations or countries fractured by errant computers. And the 1999 problems are far more likely to occur in foreign countries, which are (overall) much further behind the U.S. in Y2K repair efforts, and where the Federal Reserve has no force-of-law clout... fiendbear.com