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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (69423)	10/22/1999 1:30:00 PM
From: valueminded	Read Replies (1) \| Respond to of 132070

William: There is only one force to be reckoned with. The FEDS extremely easy money policy. Your other "two forces" are byproducts of easy money. Corporations will not borrow or be allowed to borrow if money gets too expensive. What I dont understand is how you can be exactly in tune with the FEDs direction and conclude this will end in delfation. It just wont happen. The FED is behind and will stay behind the curve. There is no way that they will "get ahead of the curve" and be blamed for a market crash. They just wont do it. Now the bond buyers are a different story. As they lose more and more money they will force up rates by either a lack of buying or they wont have money left to buy. Either way, without massive destruction of money through a crash, we will not see deflation.

To: Mike M2 who wrote (69423)	10/22/1999 1:41:00 PM
From: Freedom Fighter	Read Replies (2) \| Respond to of 132070

Mike, I think there are a couple of things that have helped sustain this bubble. 1. We DO NOT have free markets. Under a completely fiat monetary system the normal free market relationships can be short circuited for a very long time. Add to that the U.S. position as a superpower with all its influences over the actions of foreigners and they can be short circuited even longer. 2. Some people will say or do anything for a buck no matter who they hurt, how many they hurt, and how badly they hurt them. Even if they're already rich. Lesson number two is much more distressing to me. I have a different view on a lot of things than I had 3 or 4 years ago. Wayne