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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: patron_anejo_por_favor who wrote (86486)9/18/2007 4:34:36 PM
From: Mike Johnston  Read Replies (2) of 110194
 
This should put to rest once and for all the laughable idea, as expressed by some on these boards, that Bernanke is a closet hawk, who would prove himself by being relatively tight.

With this move, he has put on his helicopter pilot suit.

I will repeat once again. This mania will end not with the public withdrawing money from the banks, because they fear for the safety of their deposits, it will end when they withdraw money, because of fear of rapid loss of purchasing power of those deposits.
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