SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Maurice Winn who wrote (119243)9/1/2001 6:17:54 PM
From: yard_man  Read Replies (3) of 436258
 
He certainly did foster a bubble -- both in word and deed.

So are you saying the US money supply didn't increase far in excess of GDP for the last 3 years? Did the Fed and AG not specifically hype so-called productivity numbers and indirectly encourage people to buy high tech shares?

Not from the US -- where are you from?

>>He didn't foster a bubble. It takes no increase in money supply for prices to be bid up. The stockmarket can go as high as you like on the same number of dollars. Two people could just buy and sell the same stock to each other, using the same money [let's say $1 million] and trading fewer shares for more money each time. At the end, the share price could be $1 million per share and one or other of them would still have exactly the same $1 million they started with. That's what happened with the dot.coms and the tech stocks but it happened with more people in the game. <<
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext