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Pastimes : Ask Mohan about the Market

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To: Joseph G. who wrote (7460)	11/8/1997 7:31:00 PM
From: Zeev Hed	Read Replies (2) of 18056

Joseph, yes, I did, a good portion of the underground money find its way into large CD's. I have no way of measuring how much it is, but in some european countries, I am told that the unreported economy reaches up to 20% of the actually reported local GNP. I wish Tek could shed some light on this problem, since this one point in the puzzle that does not really fit too well, no visible signs of inflation, yet the economy is flooded with money. You know, if they included hard assets and paper assets as well in the "basket" from which they derive inflation values, we could find where the extra money went, into paper assets. Zeev

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