Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: sea_urchin who wrote (15659)	9/27/2002 6:32:41 PM
From: pater tenebrarum	1 Recommendation Read Replies (6) of 80954

total US credit market debt amounts to $30 trillion now. there is some double counting involved (since financial intermediaries inter alia borrow funds and re-lend them), but the total is nevertheless frighteningly high, and expanding, as you say, exponentially. exponential expansion is always indicative of a bubble, and the US credit bubble dwarfs anything seen before. Greenspan's knighthood is probably a great contrary indicator w.r.t. the good chairman's future popularity. when i heard he was going to be knighted for his 'contribution to global economic stability' i nearly fell off my chair. the biggest monetary inflationist in mankind's history a contributor to economic stability? it's positively Orwellian. speaking of Orwell, here is how the US press reports on a recent Buffett interview (headline: "Buffett bullish on stocks"): money.cnn.com the very SAME interview as reported in the British press (headline: "Buffett expects markets to get worse"): timesonline.co.uk as a final remark, it appears that we are living in increasingly interesting times, as they say in China.

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