Jerrry Homeless: "Although Mr. Forbes makes a valid point about the importance of solving the ongoing global liquidity crisis, I am in a slightly different camp. I believe removing excess liquidity from the system - the Federal Reserve selling bonds from its portfolio and withdrawing funds from the market - is tightening which the Fed has never fully done."
"As a result, I respectfully disagree with Mr. Forbes' appeal for a 100 basis point cut in the Fed Funds target rate, and would instead lean more toward a sandwich."
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