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 (21907)	8/1/2002 10:24:14 AM
From: AC Flyer	Read Replies (1) of 74559

Mq: >>That's right, it was all Uncle Al. Those bidding had no control. They were mindless zombies controlled by the Federal Reserve employees. Each day, they had to bid more and more and more. They had no control over their mouse. Their minds were numbed by Uncle Al.<< Think about this modest little conundrum. Our hero Uncle Al is still running the printing presses as fast as they will turn, with a vast increase in the US$ money supply since March, 2000. He's doing this because he magnanimously wishes to save his ungrateful subjects from the ravages of deflation whether they appreciate it or not. But here's the point. He's still printing. The Nasdaq is down 70%. How can that be if growth in the money supply causes financial asset inflation? A rhetorical question of course. The answer is that increasing the money supply causes financial asset inflation unless it doesn't, when it causes financial asset deflation. It's just as well these lunatics (Mogambo Guru!) don't live in a country (Iraq, etc.) where those in charge feel justified in rewarding vicious libel by hanging the perpetrators from a dungeon wall by their thumbs.

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