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To: Don Green who wrote (21423)6/2/1999 12:19:00 AM
From: Zeev Hed  Read Replies (2) | Respond to of 93625
 
Don, such margin calls in the commodity business will cause a sharp decline there, but a spike like decline and bounce back, not a permanent one, I am more worried of the deflationary implications of the CRB coupled with our own persistent large budget surplus (historically, the market tanks badly after a year or two of budget surpluses that are not just marginal one).

Zeev