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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Clappy who wrote (49197)3/31/2002 7:32:34 PM
From: Jim Willie CB  Read Replies (2) of 65232
 
money supply expansion resumes, after flat February
this is monstrous dangerous for price inflation by yearend

stls.frb.org

Webster defines "inflation" correctly as increase in the money supply through debt or otherwise, in excess of the requirements of an expanding economy
almost 30% increase since June 2000, probably higher
c'est incroiable !!! (never seen before in US History)

this Fed irresponsible action is precisely why bond traders refused to bid down 10-yr bond yields since spring2001
and greatly frustrate Mr GreenScrotum
this is why GreenSheiss killed the 30-yr bond
they smell price inflation over the horizon
and want their rate premium for that risk

and then you have the extremely bullish gold signal
Fed shorterm yield minus CPI inflation is negative
FED TO BONDHOLDERS: GET OUT, NO MONEY TO BE MADE IN REAL TERMS

they are getting into gold in an increasing level of commitment

because stocks still suck big dead donkey dinkies
/ jim (with large and small bananas)
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