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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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The ....USA .....Shut down its financial system within 15 minutes of 911...Europe was not so LUCKY...we had to send them 80B to keep them afloat...
Other things were done to insure Markets would maintain their Liquidity...like dropping the FED Rate SEVEN TIMES, GM went to ZERO % financing. The Stock and Bond markets were closed for a week as a cooling off period...
Oil prices to date have been a drag on the economy but hasn't stopped economic expansion. However many of the increased costs are just now hitting the economy, pocket book, etc.
If U take the price of oil outa the economy then there wouldn't be much need to raise interest rates?
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"Some Observer"
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