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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: NOW who wrote (73464)2/28/2001 7:35:00 PM
From: Box-By-The-Riviera™  Read Replies (1) of 436258
 
the point being made by the russell reader was...in spite of an expanding money supply... as far as his conversations with chicago bankers go.... is that banks placed themselves into a reverse growth on rates position...via refinancings etc.... and that corporations for the most part, floated their own boats without them causing banks to seek out corp lending that was less than what they might have otherwise wanted...that too now coming home to haunt them in rising risk those loans will fail....hence they are shutting off the spigot.... and losing on the consumer side via re-financings....

all with an expanding M3...

so it raises the question, at least in chicago, given there is truth to the email russell received, where did Al's money go...

wherever it went....it's had no impact in keeping values afloat thus far.... and at best... at this point... has damaged the dollar... the results of which all are speculating will be seen sooner rather than later....

does that help?
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