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Notes to myself, possibly of interest to others.
-- Bill Northlich

Tuesday, October 7, 2008

Today, Robert Reich, etc

Mkts down 500+ on Fed's refusal to lower rates. Well, I think lower rates were assumed, and when they did not happen, everyone tossed it in. In fact, if the rates are really low (2%) to begin with, and people are not lending close to the already low rates, what good does even lower rates do?

Robert Reich is really pessimistic about the leadership in this crisis.

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