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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: pater tenebrarum who wrote (85648)2/20/2001 11:06:46 PM
From: John Pitera  Read Replies (2) of 86076
 
Heinz, if one has 2 trillion dollars leave the economy via shrinking equity market capitalizations and 2 trillion dollars
of credit injected by the Monetary authority, what has really changed in the aggregate?

I realize that where those credit entries are logged changes, and obviously stock holders are sustaining real
reductions in their assets but still what has really changed in the aggregate?

look at this as an accounting question special challenge.

John
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