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To: NOW who wrote (73454)2/28/2001 6:58:48 PM
From: Box-By-The-Riviera™  Read Replies (1) | Respond to of 436258
 
it doesn't contradict someone's conversations in chicago

i don't know where the money went... but certainly a lot of it is now resting peacefully in money heaven...

perhaps HB has a better take in regard to your question.

J



To: NOW who wrote (73454)2/28/2001 7:09:10 PM
From: Michael Watkins  Read Replies (1) | Respond to of 436258
 
>> the M3 rising contradicts that does it not? <<

No, it doesn't. From the article:

"As a result, the banks had to make loans to entities with lower credit ratings in order to maintain their interest income levels. These loans are starting to come apart. As a result, all of these banks are tightening credit - not loosening

If money supply is increasing - it still has a cost. And even if the cost is decreasing and supply increasing, if the risk profile has shot way up - and it has - what institution is going to dole out more credit to risky situations *if* it already has a big portfolio of risky situations?

Bank shorts might be profitable, entries here and now offer reasonable risk. (just a glance at the BKX)



To: NOW who wrote (73454)2/28/2001 7:12:55 PM
From: Brasco One  Respond to of 436258
 
hey tell fleck not to wear that colorful shirt. please...

lol!