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To: sammaster who wrote (38677)6/8/2000 11:37:00 AM
From: pater tenebrarum  Read Replies (1) | Respond to of 42523
 
samir, that's because the EU and Japan have been printing like crazy as well. one of the concerns Duisentwit referred to in his press conference today was the explosion in Euro zone money supply growth.

i will readily admit however, that various arguments regarding the enormity of the credit bubble have been repeated for quite some time without any discernible effect on confidence and stock market levels. that doesn't make them less true or less important. after all, if anything , the imbalances have grown even larger, thus the situation has become more dangerous by lingering longer rather than less so.