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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (12303)4/21/2004 11:00:29 AM
From: Jim Willie CB  Read Replies (1) of 110194
 
you gotta love Ron Paul challenging Greeny on "wealth"
Paul questions whether rising housing equity is true rising collateral
Greeny looks disheveled on that one
I was glad Paul did not get wild-eyed and loud
he was calm and rational
Greeny stuck with his guns, that assets are priced in the usual way,
and their values rise and fall
somebody needed to challenge this "wealth effect" nonsense
it is inflation, not wealth
/ jim
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