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To: Hydroshock

See my last. The Fed is damned if they do or don’t. We’re cornered, the result of our credit bubble excesses. It’s too late to be saved by Bernanke pulling a Volcker. Won’t/can’t work this time.


11 posted on 11/20/2007 6:03:35 AM PST by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
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To: Travis McGee

Isn’t Greenspan to blame for a lot of this mess with LOW INTEREST rates??


15 posted on 11/20/2007 6:05:58 AM PST by Ann Archy (Abortion: The Human Sacrifice to the god of Convenience.)
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To: Travis McGee
See my last. The Fed is damned if they do or don’t. We’re cornered, the result of our credit bubble excesses. It’s too late to be saved by Bernanke pulling a Volcker. Won’t/can’t work this time.

When Paul Volker got us out of Jimmy Carter's mess our trade deficits were very small, most oil we used was domestic and there wasn't as much personal debt, governmental debt and money owed to foreigners. The United States had much better underlying health. Much much more of what you bought week to week was made in USA from tools, to clothing, to food

82 posted on 11/20/2007 4:23:08 PM PST by dennisw (Islam - "a transnational association of dangerous lunatics")
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