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To: AllansAlias who wrote (95146)4/17/2001 11:33:14 AM
From: Nadine Carroll  Read Replies (1) | Respond to of 436258
 
Doesn't the printing have a natural unwinding mechanism called "inflation"?



To: AllansAlias who wrote (95146)4/17/2001 11:37:32 AM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
<<The printing is ufb now.>>

The striking thing to me is that the printing seems to have less and less effect, both on the economy in general and on the market specifically. That's a prediction Doug Noland made back in August, consistent with the idea that in a bubble economy, liquidity seeks inflating assets (still real estate, energy prices, luxury goods and agency paper, by my book).

prudentbear.com

(read it after the casino closes, I know you won't have time now).

Quite interesting that the banksters in their quarterly statements keep trumpeting that they've tightened up their lending standards (I believe it). Therefore, the money isn't going into operating non-financial businesses, by and large, but to mortgage financings, money market funds (and all the crap they finance) and consumption. Not the basis for a sound economic recovery at all.