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To: IngotWeTrust who wrote (45832)	12/9/1999 2:41:00 PM
From: John Hunt	Read Replies (1) \| Respond to of 116762

OT - Speaking of 'tiny' golden McNuggets (Humor) Top Ten items found in Ronald McDonald's Y2K Bunker - Dave Letterman 10. Special Pantene for Clowns with red plastic hair 9. 255 Gallon drum of Fancy Ketchup 8. Really Happy Meal Box filled with Zanax 7. 800 degree cup of McD's coffee to heat the bunker 6. Stacks of Clown Hustler Magazine 5. Hydroponic garden to grow really limp green pickels 4. To communicate with the outside world, a tiny unintelligible loudspeaker. 3. Two chickens and one cow, enough for 50 years of McNuggets and Burgers. 2. Billions and Billions of women to serve him 1. McCyanide Capsules ***** Couldn't resist. :-))

To: IngotWeTrust who wrote (45832)	12/9/1999 3:45:00 PM
From: Alex	Read Replies (2) \| Respond to of 116762

New Year's confetti - "In the United States, preparations for the millennium festivities have taken the curious form of massive credit creation. The Federal Reserve has been buying government securities at a rate that used to be called inflationary. Nothing like this extraordinary pace of money printing is in evidence at either the Bank of Japan or the European Central Bank (although growth in the BoJ's balance sheet has recently accelerated). Evidently, Y2K is happening only in America. Terms of discussion of U.S. monetary policy these days center on the rhetoric of stringency rather than the deeds of accommodation. The fact is the Fed continues to make credit easier. It has expanded the list of collateral eligible for discount and created a Special Liquidity Facility (which does not expire until April 7, 2000). In a stroke of ingenuity, it has sold hundreds of billions of dollars of 'liquidity options.' The options confer on a purchasing institution the right to access, during defined five-day periods around the new year, cash from the Fed at a 'strike' price 150 basis points over the federal funds rate. Perhaps most significantly, our central bank has stepped up its purchases of Treasurys. Since the September 1 balance sheet date, it has added more than $30 billion to its temporary securities holdings via an increase in term repurchase agreements. Over the past 12 months, the Bank of Alan Greenspan has expanded its balance sheet by almost 13%." [ Continue ] grantspub.com