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To: SeaViewer who wrote (80829)12/22/1999 3:31:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 86076
 
Jeff, it never will. the constant liquidity additions are correctly interpreted as inflationary by the bond market. well, they actually are not, in the traditional sense, as long as the money goes straight into stocks. and yet, in the longer term they are, since as soon as stocks decline, the printing will become even more pronounced and eventually too much money will begin to chase too few goods.