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He might have no choice, got cornered to hrlp boost US corporate bottom lines and
competitiveness.(this might stop the crashed at least help arrest it,putting out
potential fire in
US equities) Remember, he was reluctant at first during September and he was
pre-empted by the Japanese who cut a big one. He's so reluctant during that time,
he cut a such small one (token),thus disappointing the markets). Also someone in
the list mentioned mortgage rates might go down with it,and boost consumer
spending power, you know, the old trickle down effect.
. Internationally speaking, help the crisis countries, because most of their
loans are US$ denomination, As the cost of money (interest expense) came down,so
it their burdens.,thus givng them some breathing room in their quagmire.
William Brower wrote:
> It would seem to me to be the declining US interest rates may have triggered
> some of the selling of bonds/buying of Yen. Perhaps Greenspan will go down
> in history as throwing gas on the international economic bonfire.
>
> Best Regards,
> William Brower
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