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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (16373)	1/27/2000 8:33:00 AM
From: Diana	Read Replies (1) \| Respond to of 63513

This inflation seems to be attributable to excessive money supply growth and the "wealth effect" which as been building up in the system. I agree, but who has been responsible for the money supply growth? I can't understand why Greenspan would be giving with one hand (pumping up the money supply) and taking with the other (rate increases). Sounds like a politician rather than a Fed Chairman. What's he trying to do? I would appreciate your insight. Secondly, about this "wealth effect" crap. If one were really concerned about tech stock hyper growth, isn't it clear that a hike in margin rates would do the job? Rate hikes hurt the non-tech market much more. Or is this a back-handed way to support the tech growth of the US while appearing politically correct? machiavelian.com