Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bonnie Bear who wrote (9704)	11/14/1997 3:04:00 PM
From: Tommaso	of 94695

M2 bubble seems to be deflating. stls.frb.org With improved US productivity and over-production in Asia, doesn't this look pretty deflationary (something I never thought could happen with purely paper money)? It happened with greenbacks in the nineteenth century, but only because they were gradally brought to par with gold certificates. This could keep money going into bonds, especially treasuries.

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