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To: accountclosed who wrote (85289)2/2/2001 3:31:32 PM
From: Tommaso  Read Replies (1) | Respond to of 86076
 
I guess if you are good at something it is hard to stay away from it.

Sometimes in my case I find it hard to stay away from something I am bad at.

Maybe you have already said, but do you think that this time Greenspan will succeed in reinflating the bubble? It does not yet show up in the 13-week figures, but there seem to be sudden increases in the MZM measure of the money supply and also the monetary base:

stls.frb.org

This is as we all know what he did during the LTCM /Russian debt crisis and the Y2K nonevent, and I guess he thinks he's throwing in enough liquidity to stop a bad recession.

It certainly can't hurt energy prices to create paper to pay for the energy, especially with California borrowing 10 billion for that. But I wonder if this time around people will keep shoveling the cash into other stocks.