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To: LLCF who wrote (97093)	4/21/2001 3:00:22 PM
From: s-words	Respond to of 436258

<< I for example place a very large premium in having on of us at home raising the kids at all times>> I'm with you on this point...hard to accomplish in the Bay Area, though; my wife and I did it by a combination of buying a tiny house, working at home, and having no SUVs <g> If not for having both our families in the area, with elderly parents, we might have moved long ago.

To: LLCF who wrote (97093)	4/21/2001 3:16:14 PM
From: portage	Read Replies (1) \| Respond to of 436258

DAK, it would be nice if the choice were more widely available. I know a guy who just sold his small but well maintained older house for 400k - bought it for about 200k only 5-6 years ago near the price trough - walked away with 200k tax free, but then had to sink it into an even higher mortgage after downpayment on a somewhat bigger place. This was in a more affordable area than Silicon Valley too. The buyers called him and thanked him profusely for choosing them over the other bidders. Warped reality, not to mention realty, if you ask me. Still, I wouldn't trade it for a more affordable life on the windswept plains.

To: LLCF who wrote (97093)	4/21/2001 5:07:05 PM
From: patron_anejo_por_favor	Read Replies (3) \| Respond to of 436258

Debt trapping underway? Latest figures from the St.Louis Fed show declines in both the adjusted Monetary Base AND in MZM. These were compiled before the panic April 18 rate cut: stls.frb.org stls.frb.org The MZM decline can be explained away on the basis of "sideline money being put to work in the market"; the Monetary Base figure cannot. Despite the incredible amount of Fed pumping, coupon passes and rate cuts, the Monetary Base is back to where it was immediately after the first 50 BP rate cut. This is exactly what Noland predicted with his Law of Diminishing Reliquifications, and bodes poorly for the economy and the financial system over the next 6-12 months. The "money" being created is escaping into agency debt, higher homeowner debt through refi's and higher credit card debt, rolled into ABS's and sold into the money market's. It's NOT going into capital investment and into commercial/industrial lending, nor into commercial paper to ease debt rollover concerns of distressed companies (where presumably it is most needed): stls.frb.org stls.frb.org In other words, yes, the Fed is pushing on a string here.