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To: mishedlo who wrote (457)1/28/2003 8:06:06 PM
From: Cactus Jack  Respond to of 1210
 
mish,

I wonder when they`re going to figure out that the have a structural problem.

That's funny. And sad.

jpg



To: mishedlo who wrote (457)1/28/2003 9:20:15 PM
From: Jim Willie CB  Read Replies (3) | Respond to of 1210
 
this past spring we discussed negative nominal rates
I thought it crazy, but possible
the ultimate in desperation among Central Bankers

I suppose Keynesian Monetarists might justify it somehow
a sign of the times
let's not laugh too hard
the Liquidity Trap certainly is powerful, isnt it?
many consequences, eh?
I cannot tell you how amused deep inside I am
thanks for a huge yuck
it fits with the Bushy State of the Union address

the world is united in its monetary insanity
a heavy heavy price to pay
/ jim