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To: pater tenebrarum who wrote (140300)12/24/2001 12:12:50 PM
From: the_wheel  Respond to of 436258
 
The best of holidays to you Heinz!

My christmas wish is that you will continue to provide your much appreciated insightful analysis in the new year! Can't express how much I miss your commentary! CFZ is not the same without you.



To: pater tenebrarum who wrote (140300)12/24/2001 12:14:40 PM
From: Lucretius  Read Replies (3) | Respond to of 436258
 
what's going on there??? horses eating more these days??? -g-



To: pater tenebrarum who wrote (140300)12/24/2001 2:26:15 PM
From: LLCF  Respond to of 436258
 
Happy Holidays Heinz... all the best to you and your's, and a Holiday song for you:

Message 16828890

DAK



To: pater tenebrarum who wrote (140300)12/24/2001 3:00:08 PM
From: Don Lloyd  Respond to of 436258
 
hb -

"Allowing the state to create paper money is like putting a penny in the fuse box. The resource costs of the penny may be lower than the resource costs of the fuse, but the total costs, which take into account the likelihood of a destructive fire, are undoubtedly higher" - attributed to Alan Greenspan by Roger Garrison, in "The Costs of a Gold Standard", in The Gold Standard, p69.

Regards, Don



To: pater tenebrarum who wrote (140300)12/26/2001 11:11:10 PM
From: ild  Read Replies (1) | Respond to of 436258
 
Heinz, Did you see this:
How Do You Spell Debt Relief? I-N-F-L-A-T-I-O-N
northerntrust.com
Paul Kasriel believes that Greenspan will succeed in creating inflation and will avoid deflation.



To: pater tenebrarum who wrote (140300)12/28/2001 1:24:36 PM
From: NOW  Read Replies (3) | Respond to of 436258
 
Longwaves post that "it really IS different this time"
csf.colorado.edu



To: pater tenebrarum who wrote (140300)12/28/2001 5:29:40 PM
From: Logain Ablar  Respond to of 436258
 
Welcome back Heinz.

Happy holidays to you as well. Should I call you grim with Earlie being grimer.

A tidbit you and Earlie may have missed is Travelers is leading a group questioning the surety bonds they issued on hedging transactions between Morgan and ENE. Haven't read the detail (as far as I know its not available) but Morgan is suing to collect $1.1 billion.

From what I've been piecing together there is more surety exposure out there (companies like Chubb and HIG have already announced #'s. the question is are they reserving enough in the #'s).

Except for the ene type surety exposure (I bet there is more than just what went thru JP Morgan) P&C insurers should do well as they have been able to raise prices in this environment.

All the best

Tim



To: pater tenebrarum who wrote (140300)12/31/2001 11:10:16 AM
From: ild  Respond to of 436258
 
Heinz, What's your short term view on Euro? Our papers in USA mostly mention troubles, nuisances and making fun of it. Do you think that people will start selling US$ for Euros fairly soon?
Thanx