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Technology Stocks : CSCO - where's the bottom?!?!? Bear Thread
CSCO 74.45+1.8%Nov 3 9:30 AM EST

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To: bambs who started this subject2/14/2001 8:54:32 AM
From: bambs   of 253
 
The world awaits the same sickening spectacle of hearing Greenspan try to prop up the stock market with happy talk buttressed by implied promises to print enough money to assure this out-come. There is no constituency for any other outcome. The world has become totally reliant on printing presses.
The question which has haunted me for years remains: is there any constraint on the ability of the G-22 to print money to paper over every financial/economic problem which arises? Yield curves don't become steeper because governments buy back the potion of their debt held by the public, as their indebtedness grows. Gold doesn't rally because central banks sell it steadily. Asset prices are the primary beneficiaries of ever increasing "liquidity infusions" and asset inflation is not seen as inflation. John Law would cringe
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