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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (201008)	10/30/2002 12:03:07 AM
From: Mark Adams	Read Replies (1) \| Respond to of 436258

Thanks Grace, In this case, you can give a man a fish, but it does him no good if he doesn't know how to cook. <g> Odd the 9-01 decline. Causes me to speculate that Permanent Reserve addition merely a part of a larger picture. I've made a mental note re the difference between short term repos, 28 days and what not. As they rolloff, they become an option to shrink supply. For a long time, I've assumed that simplistic models based on nation state would fail as global concerns and flows came to dominate. (ie the US Trade Deficit in an era of Multinationals and Foreign Affiliates). Credit Creation (and now its counterpart Demand) being key to monetary growth, thus inflation? How does one fit in the propensity to spend vs save? The changing tax burdens? The picture becomes so complex I cannot fathom. It took me weeks to understand what money is. How can I hope to make sense of all this? A riddle for me to puzzle on, I guess. I'm glad we have you to refute the occasional misconception though. <g> Creates the opportunity to learn.