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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (20781)4/26/2004 11:23:23 AM
From: sea_urchin  Read Replies (1) of 80915
 
> But there's more. As you know, everyone's 401Ks are plugged into buying shares at these high (on the basis of real returns) levels and so the prices of the shares continue to rise, as if by magic. Of course, when the market rises that's an indicator of confidence in the "economy" when, in fact, it has nothing to do with the economy. Like the tax which was taken from the workers and put into Social Security, the money which Joe spends on so-called investments and which props up the stock market, and gives credence to the illusion of "recovery", can simply evaporate when the time is right --- and blow Joe's savings away.

PS. I have to post in two installments because, for some reason, the size of my posts has been limited.
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