Al Gore vs George Bush: the moderate's perspective Message Board

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Politics : Al Gore vs George Bush: the moderate's perspective

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To: Zeev Hed who wrote (2600)	10/16/2000 10:01:38 AM
From: Bruce A. Thompson	Read Replies (1) of 10042

Hi Zeev, "I am not sure where the gentle British economist (the story in a prior post) got his number of $30 B of treasuries being bought back, my calculations show that we have gone down by $100 B in the last 10 months (since 12/31/99) in the "public debt", thus the buy back must have been a solid $100 B, and that is a serious chunk of money to take out of the economy." Actually, Zeev, I believe the $100B in this case has been dumped back into the economy. It was taken out of circulation and tied up in 30 yr bonds which only returned 5-6%. Now it has been released to find other returns. BT

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