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Politics : Ask Michael Burke
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To: BGR who wrote (48407)2/23/1999 11:34:00 AM
From: yard_man  Read Replies (1) of 132070
 
Interesting thesis, but we are inflating now at a time of very high asset prices, very high consumption, while the economy appears to be booming ... with consumers already so optimistic.

If there is a large setback in asset prices, where many folks now have put traditional savings into equities -- what will adding liquidity do, when the "printing presses" have been working overtime just to keep up the status quo?

Japan is a little different, granted, but you can see the failure of this kind of policy, at least with their problems ..
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