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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Hugh A who wrote (27154)	1/8/2003 8:19:51 PM
From: LLCF	Respond to of 74559

To be fair Hugh Greenspan controls the MS and the derivative securities have been mushrooming for decades. Derivatives is a case of new legislation needed as things progress and most people don't understand them so they sort of grow like weeds between the bricks on the sidewalk. DAK

To: Hugh A who wrote (27154)	1/8/2003 8:28:15 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

<Under whose watch did the money supply turn up> It really got a kick along starting with King George II's reign - though I hasten to add that wasn't a causal relationship. Uncle Al was in charge of the pixelation process and it was coincidence that it was time to turn on the tap when W took over due to the bubble implosion. Despite the rapid money creation and world record interest rate reduction there hasn't been a bubble formed, which is what people seem to think happens when the printing presses are turned on, not to mention inflation, which also hasn't happened. Mqurice