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To: Zardoz who wrote (66839)4/1/2001 11:16:45 AM
From: long-gone  Respond to of 116764
 
HM + whom?



To: Zardoz who wrote (66839)4/2/2001 10:03:46 AM
From: Rarebird  Read Replies (1) | Respond to of 116764
 
Inflation - as measured by the 14% annualised growth of U.S. M3 since January 2001 - cannot be sustained. The increasing issuance of new corporate debt coupled with the decreasing creditworthiness of the corporations issuing this debt cannot be sustained. The ability of Americans to go on servicing debts while the value of their collateral dwindles and their employment prospects worsen cannot be sustained.

And because none of this can be sustained, the rise of the U.S. Dollar in the world's currency markets cannot be sustained either.