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#21 |
Refugee
Join Date: Jan 2001
Location: Denmark
Posts: 1,198
Local Time: 11:17 AM
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Nice objective explanation, Sharky! Thanks!
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#22 | |
New Yorker
Join Date: Sep 2000
Location: Los Angeles
Posts: 2,637
Local Time: 06:17 AM
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Quote:
As for Greenspan-- first, he may be the head of the Federal Reserve Board but the board has to make the decision to raise or lower interest rates. Its not just a Greenspan decision. However, most people barely understand how the general economy works much less how the Federal Reserve works. So the media latches on to Greenspan even though he's not the only one making decisions. And it could be worse-- the European Union's bank hasn't been cutting rates at all and that region is going in to a recession as well. By not cutting rates, they could be hurting the economies in Europe even more. |
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#23 | |
ONE
love, blood, life Join Date: Oct 2000
Location: Ásgarðr
Posts: 11,789
Local Time: 06:17 AM
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Quote:
Al Gore blew it in too many capacities, but what is done is done, I guess, and the best one can do is learn from these tactical blunders for the future. Melon ------------------ "He had lived through an age when men and women with energy and ruthlessness but without much ability or persistence excelled. And even though most of them had gone under, their ignorance had confused Roy, making him wonder whether the things he had striven to learn, and thought of as 'culture,' were irrelevant. Everything was supposed to be the same: commercials, Beethoven's late quartets, pop records, shopfronts, Freud, multi-coloured hair. Greatness, comparison, value, depth: gone, gone, gone. Anything could give some pleasure; he saw that. But not everything provided the sustenance of a deeper understanding." - Hanif Kureishi, Love in a Blue Time |
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