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Politics : Ask Michael Burke
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To: Skeeter Bug who wrote (28825)6/4/1998 11:30:00 AM
From: Knighty Tin  Read Replies (2) of 132070
 
SB, Yup, I did see it. Once again, those danged foreigners keep calling this bubble a bubble. Even the ones who can almost speak American. <G>

It seems odd to me that American economists are saying nothing about the money supply mainlining amphetamines. That is the main reason behind the bubble. Alan gathers kudos while he is the great enabler of our money growth addiction. Well, you can't have 2-4% GDP growth and 10-14% money growth co-existing forever. We've already had these economic strange bedfellows a lot longer than I expected. The longer it goes on, the more likely the market is to crash all at once instead of tapering off. Man, my put positions would hate that. <G>

MB
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