Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (14881)	2/11/2002 2:15:24 PM
From: AC Flyer	Read Replies (1) of 74559

Mq: Great post! We are attuned to the same cosmic frequency - I trust you will not be insulted by this. :) I would add one small but, imho, very important point. >>They are printing flat out to swamp the place with dosh and low interest rates so that people go shopping.<< The low interest rates are to get the masses to the mall and the auto dealer, but the increase in the money supply is for quite a different reason - to prevent nominal prices of goods and services from falling, as this is what triggers the spiral of reduced consumption and deflationary psychology that ends in depression. Prices are falling in real terms, but this is offset by the increase in liquidity, hence stabilizing nominal prices. I maintain that Uncle Al has achieved the mythical, miraculous controlled depression.

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