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Technology Stocks : Novell (NOVL) dirt cheap, good buy?

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To: Paul Fiondella who wrote (19321)1/2/1998 1:09:00 PM
From: dwight vickers  Read Replies (3) of 42771
 
I heard Jim Rogers say on CNBC this AM that the Japanese had been printing money at aproximately 1% per day recently.

That was a shocker. I think they scared themselves however, and started mopping up after that.

He also mentioned that SE Asian gov'ts. and Greenspan had been doing the same thing.

He of course, is always looking for inflation, and that is certainly a possible outcome.

But I think that when you have these financial accidents the velocity of money slows so dramatically that it's possible it may not show up as inflation.

The price of gold it would seem, would respond if that was likely. Maybe that's one reason they've worked so hard to talk gold down with stories of various central bank sellers.

To me it seems that the liquidity created has pushed our long rates down and led to the rallies we've seen in the US and major European stock markets.

Probably just one more price to pay later, but I still have trouble getting keyed up about more than a very brief and devastating bout of inflation. That would have far worse consequences, longer term.

Dwight
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