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capt_jmj

11/07/07 3:32 PM

#12053 RE: POKERSAM #12037

Poker, maybe all the idiots who were buying like crazy after the last two Fed rate cuts are now beginning to understand that irresponsible monetary policy is a two-edged sword. A rate cut leads directly to a weaker dollar, which in turn makes oil and every other world-priced commodity more expensive, which in turn drives up the price of imports *and* the cost of domestic production, which by anyone but the Fed's definition, is inflationary.