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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (1430)	3/9/2001 3:56:40 PM
From: KailuaBoy	Read Replies (1) \| Respond to of 24758

Stop it. I don't want to hear that.

To: GraceZ who wrote (1430)	3/9/2001 4:02:49 PM
From: ahhaha	Read Replies (1) \| Respond to of 24758

The only reason it gets what it does in Santa Clara is a result of the wealth effect. That comes from loose monetary policy. FED doesn't think they were loose. They only let M2 grow at excess of 10% for years, but Greenspan thinks that doesn't matter and Friedman said the FED was doing a good job. After complaining for decades that excess money growth caused structural economic problems Friedman says FED is doing a good a job letting money supply grow at an unprecedented rate. What are imbeciles all over Yahoo and SI saying? FED needs to create more money!