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To: Mike M2 who wrote (40794)1/23/2001 9:59:55 AM
From: Haim R. Branisteanu  Respond to of 64865
 
Mike differentiate between liquidity and interest rates they are not the same, as I wrote before.

Balanced liquidity must follow GDP growth and Inflation less -0.5% ( this may change for adjustment and even be positive )

Moderate inflation of 2% is far better than 0% inflation as the statistical error can point to 0% wen we will actually have -1% or deflation.

Haim



To: Mike M2 who wrote (40794)1/23/2001 10:01:40 AM
From: JDN  Read Replies (2) | Respond to of 64865
 
Dear William: I presume you are talking about CONSUMER debt as the public debt is dropping both in constant terms and in relative terms. Now, as to the consumer debt thats one of the reasons Bush wants a REAL tax cut across the board. JDN


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