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To: Skeeter Bug who wrote (96107)3/12/2000 4:12:00 AM
From: KeepItSimple  Read Replies (3) | Respond to of 164684
 
Greenspan has not only NOT reduced the flow of liquidity that he started in preparation for Y2K, he has actually accelerated it. During his recent questioning in front of congress, when asked directly why he still had the spigot running full blast, greenspan dodged the question and said "It's hard to define exactly what 'money' is."

If al.com suddenly decides to stop printing $ out of thin air, our markets won't only decline, they will completely collapse.

The speculative mania has reached a point where inflows from investors is no longer enough to keep the pyramid in the air. New money must be printed daily to keep our "new economy" alive.



To: Skeeter Bug who wrote (96107)3/12/2000 3:31:00 PM
From: Victor Lazlo  Read Replies (1) | Respond to of 164684
 
<<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). >>

Some of that was pumped in by the fed to prevent runs on banks at Y2K time. Now they've gotta take it back, or inflation really will come back.