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To: clochard who wrote (9807)2/15/2000 3:57:00 PM
From: pater tenebrarum  Respond to of 42523
 
well, that's oversimplifying it a bit perhaps, but it is in essence correct. vast amounts of credit are created and the money isn't used in productive endeavors as the market crowds out other avenues of investment. a strong sign that that's indeed happening is the fact that lately various cos, from CMB to INTC reported earnings fattened up by stock market gains.