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To: Knighty Tin who wrote (137658)	12/7/2001 2:46:10 PM
From: Terry Maloney	Read Replies (1) \| Respond to of 436258

KT, speaking of bond traders, here's a guy who has about as much esteem for them as you do for most tech CEO's. <g> Money is made scarce by bond speculation. The bond market acts like a gigantic vacuum cleaner running amok. It siphons money away from every nook and cranny of the economy. The money is channeled into bonds serving as chips in the hands of the speculator with which they make their bets. A long and fairly amusing rant on deflation. I don't know if he's right, but he makes some interesting points: gold-eagle.com