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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: fut_trade who wrote (81318)12/28/1999 11:36:00 AM
From: KeepItSimple  Read Replies (1) of 86076
 
>So now what happens to the big increase in Money Supply/Adjusted
> Monetary Base created by the Fed?

Unfortunately, the Fed has been giving the economy an ever increasing dose of heroin, in order to keep the economy from going through withdrawl. Great strategy!

The problem now is, our economy is simply an addict with a much greater appetite for heroin. If the supply is removed, the withdrawls now will cause fatal convulsions, instead of just a moderately painful period of shakes.

In any case, our economy is toast. Greenspan can't leave the printing presses running at full steam because the dollar will eventually collapse (the only reason it hasnt yet is because we've pressured japan into printing more yen so the devaluation wouldnt appear so obvious) but if he turns the presses off our markets will collapse, as the money, even though it is a lot, is just barely enough to keep 10 or 15 tech stocks that control the indexes pumped up.

Either way, we're screwed. The fed just hopes y2k can be blamed.
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