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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: pogbull who wrote (527)	6/19/2002 1:37:31 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

Fed Reserve is deep deep shit, money creation NOT working they are simultaneously attempting to manage three things: 1. provide better interest rate envmt for corporate earnings, by lowering rates 2. not flood the system with too many printed dollars, so as to forestall a dollar decline out of control 3. provide magical liquidity that props up the stock market it appears to me that they are failing on all critical fronts lower rates arent helping corp earnings since business sucks, business investment is slow as molasses printed dollars arent the problem so much as low shorterm rates, which are poorly competitive to EuroBonds the stock market is suffering from multiple problems, like valuation, corruption, momentum of bears, lost foreign participation, exaggerated earnings, ladidadida but here is a great article that explains in highlevel detail some crystal-clear points the back pages make the point clearly for the first time, increased MZM money supply is failing to aid the stock market, as it has been in the last several months MZM is rising, and S&P is falling hasnt happened for a long time gold-eagle.com / jim