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Old 11-30-2007, 12:21 PM
Copernicus Copernicus is offline
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Join Date: Jun 2003
Posts: 6,912
Default Re: The differences between 1929 and Today

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Things are much more complex and robust then you are willing to admit, because of your political agenda.

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I dont have any agenda, Im not American and I am not an Acists, Im just calling it as I see it.

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(unless they have already been offset by the Hillary effect, which I don't believe to be the case). There is a lot of upside to go before the Dems drag things down, imo.

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Your agenda is plain to see.

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I also reported the belief of one of the major investment firms itn the country that an immediate 50bp cut would be sufficient to drive the Dow up to 15,000 in short order.

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Thanks for making my arguement for me.

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I didnt make your argument for you.

Fed action --> increases liquidity from an artifical contraction ----> allows fundamental strength of the economy to be reflected in prices

NOT

Fed action ---->artificial liquidity---->market increases due to perception of liquidity
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