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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Oblomov who wrote (207199)11/28/2002 10:49:01 PM
From: At_The_Ask  Read Replies (2) of 436258
 
so without me drudging through economic statistics all day, you're saying that money supply and debt have grown at a reasonable pace compared to the economic growth of the US? And also you don't feel that the fed massages the numbers a bit to make things look a little better than what they are?

In some ways I agree that those guys get a little carried away predicting the demise of western civ due to derivatives and all that. I didn't believe the whole JPM derivative thing either but I read somewhere that they are the counterparty to $7 trillion in derivatives. I assumed that they would mostly act as the market maker and not as a counter party but apparently I was wrong.
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