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AMZN 226.99-1.1%Dec 8 3:59 PM EST
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To: Skeeter Bug who wrote (123449)4/11/2001 2:40:44 PM
From: Wayners   of 164684
 
Our current money supply growth is unsustainable and at some point people will start to lose confidence and start to unload their dollar denominated assets. Right now however, the dollar is still getting stronger in the face of money supply growth. I read an interesting article last nite with regard to who is creating that money supply growth. Some people don't think its the Fed but rather Freddie Mac. Might have been Fannie Mae. It was one of those two. Have to find the link. People begin to worry when they think they're going to lose money, i.e. their dollar denominated debts are not going to be repaid or their dollar denominated equity or real estate assets are rapidly declining in value.
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