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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (4208)	6/28/2001 11:02:56 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Good post Hawk, I see that you were John Maynard Keynes in a previous incarnation.....I'm just surprised that you did not slip barberous Relic in there somewhere -vbg- But seriously, Kemp's piece was something that looks like it was written by a politician, trying to talk about economics, rather than a economist, or someone versed in Macro thinking. I actually started to laugh out loud when I read the part about pegging Fed policy to a $50 dollar range in Gold. That's dumb and it's not a gold standard. I did find it interesting that Kemp did reference the 200 year period of the Bank of England conducting policy as a Private Bank . Gresham's Law of Bad Money driving out Good Money I imagine can also apply to fiat currencies as even if all big countries are "running the Presses" those that at least let them sleep at night, are in stronger position. actually It's all computer 0's and 1's in a computer system when you get far enough up the Money creation chain. But you are right that economic policies and economic strength do help set the levels. How many people want to come to America and live from overseas, and then subtract that from the number that leave. and then Look at Mexico .........