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To: pater tenebrarum who wrote (20203)	9/20/2000 10:31:14 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 436258

<<nterestingly, in the last k-wave autumn, the Fed also injected credit in massive quantities...it didn't do a thing to avert the k-winter.>> And as Doug Noland pointed out several weeks ago, with each successive cycle of reliquification, there is a diminishing response with respect to reduction of credit spreads, bankruptcies, and defaults. Conversely, there is an INCREASING response with respect to wage and price inflation. I think BubbleBoy's about to give us all a lesson in how to make a bubble collapse of its own weight. They'll be writing books about this one for CENTURIES...<NG>