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To: MSI who wrote (96101)3/12/2000 3:53:00 AM
From: Skeeter Bug  Read Replies (2) | Respond to of 164684
 
msi, the economy is evolving, for sure. revolutionary? no way - unless selling $1.00 for 95 cents is revolutionary. if it was they wouldn't have to make the numbers up (ie, chained dollars).

i've postulated for a long time that the single largest factor in profit generation is human ignorance. think about the ramifications this and get back to me re: your thoughts.

money supply grew at a 20% annual rate for the 3 months ending in 12/99 (notice what the markets did around that time frame). no ifs, ands or buts. take away the money and the party ends - new economy, smemonemy. all that excess supply of goods we are buying from foreigners stops. disaster in the us and in asia. europe gets rocked, too. worldwide recession.

that is why alan.com talks a good game. he needs "new economy" true believers b/c the stakes are so very high. as long as he can keep minting dollars w/o impacting the value of the buck then the house of cards gets built higher (and has much farther to fall). at some point, though, the buck gets whacked. if the supply of dollars goes too high then it will lose value. it will have to continue up, up and away to support this monstrous market.

at such a point alan.com has some serious issues to ponder. does he risk a run on dollars similar to what occurred in some asian countries? or does he tighten money supply and watch the markets drop like a jeff hornacek free throw?

btw, some folks are wisening up...
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