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


To: habitrail who wrote (3196)7/25/2002 11:52:41 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 89467
 
website for money supply MZM chart, in acrobat

research.stlouisfed.org

it is showing early signs of flattening
if the Fed cannot encourage continued monetary expansion thru low interest rates, then look out
recession will be rough
that is what I expect, declining money supply despite low rates
because businesses and households are up to their necks in debt
and Pied Piper GreenJeans is encouraging them to continue
RIGHT OVER THE CLIFF

this is the primary tenet of Austrian School of Economics
after 2-3 generations, debt suffocates the entire economy
/ jim