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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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1) Cutting the fed funds rate to 1% will cause instantaneous double-digit inflation. It will be like the Carter years all over again or Japan during the 90's. We will have market uncertainty, tight credit and high inflation.
2) We already have the SEC, the Office of Thrift Supervision, the Secret Service, the FBI, the Fed...
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Some Porsches long ago...then a wankle...
5 liters of VVT fury now
-Chris
"There is freedom in risk, just as there is oppression in security."
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