Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: tradermike_1999 who wrote (3088)	4/18/2001 1:20:18 PM
From: Tommaso	Read Replies (1) of 74559

As I guess you know, MZM is currently rising at over 28% annual rate. Now we get this interest rate cut. If we were Brazil, this would be par for the course. All I can figure is that the bad inflation of the 1970s and 1980s left many fewer scars than did the Great Depression, and the Fed has decided that inflation is the way out. Some character in one of Hemingway's novels--maybe it was in "A Farewell to Arms"--says: "When governments are in trouble, first they inflate the currency. Next, they start a war." And we aren't even in trouble.

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