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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: reaper who wrote (225045)3/3/2003 5:56:20 PM
From: yard_man  Read Replies (2) of 436258
 
>>the 'credit' being created by the Fed is not MONEY; it is specious claims.<<

so what are these bills in my wallet that they should appreciate?? they aren't going up in smoke unless I light them.

We can both be right -- folks can lose their butts on their houses. Auto prices and durables can fall -- and it can still cost you a ton of greenbacks to live. You've bought the bulloney that energy prices are up just cause of Iraq. We shall see.

It's not all in the change in demand -- there are supply issues as well -- where real resources have been allocated due to all the easy credit and where they haven't been allocated.
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