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Politics : Stockman Scott's Political Debate Porch
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To: Jim Willie CB who wrote (7195)9/23/2002 5:27:02 PM
From: lurqer  Read Replies (2) of 89467
 
Now, of course, the money supply is expanding at such a
clip that it's swamping any increase in output. Hence,
the possibility, if not probability, of [resurgent]
inflation is omnipresent."

I watch the FIG. Both because it has a good record and because Greenie watches it. For a while now its behavior can best be described as spiking. I believe Greenspan is "running out of time". The dearth of cap-ex has precluded a rekindling of growth. Instead inflation has ignited. By spring, it will be a conflagration (IMO). And if we still have negligible growth, then we have a central banker's worst nightmare - stagflation.

JMO

lurqer
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