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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 259.65

+2.3%

Jan 23 9:30 AM EST

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To: chic_hearne who wrote (12408)	10/9/2000 8:35:33 PM
From: Daniel Schuh	Read Replies (1) of 275872

Chic, whether he gets elected or not, it's not up to Al Gore to decide how much money to print. Look at what it says at the top of the face side of that green paper in your billfold. And how do you figure that current times are scarier than the Reagan era of massive deficits? When the government is running a surplus, a naive observer might think there's less need to monetize the national debt. As for the dollar crashing, relative to what? The Euro? The Yen? The Riyal? The reason that the dollar is the international reserve currency is that there's not really enough of anything else to fill that role. As far as comparisons with '29 go, you got to look at what happened in '87 too. Some people do remember history, and the reaction of the banking system to the crash of '87 was much different than in '29. '29 turned into a depression because of a liquidity crunch, and that's not likely to happen again. Cheers, Dan.

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