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To: Maurice Winn who wrote (119243)	9/1/2001 6:17:54 PM
From: yard_man	Read Replies (3) \| Respond to of 436258

He certainly did foster a bubble -- both in word and deed. So are you saying the US money supply didn't increase far in excess of GDP for the last 3 years? Did the Fed and AG not specifically hype so-called productivity numbers and indirectly encourage people to buy high tech shares? Not from the US -- where are you from? >>He didn't foster a bubble. It takes no increase in money supply for prices to be bid up. The stockmarket can go as high as you like on the same number of dollars. Two people could just buy and sell the same stock to each other, using the same money [let's say $1 million] and trading fewer shares for more money each time. At the end, the share price could be $1 million per share and one or other of them would still have exactly the same $1 million they started with. That's what happened with the dot.coms and the tech stocks but it happened with more people in the game. <<