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

To: abuelita who wrote (20717)	6/20/2003 10:55:15 AM
From: Jim Willie CB	Respond to of 89467

clear, cogent, stern article by Ingram (nice) my takeaway... According to some estimates, M1 -- a measure of money supply -- has been growing at an annual rate of close to 30 per cent over the past few months. "What Japan has shown us is that the way to fight deflation is to get rid of overcapacity as fast as you can," Merrill Lynch market strategist Richard Bernstein said recently. "The Fed is doing the exact opposite now. What the Fed is doing is keeping the oversupply situation intact by lowering the cost of capital." Bernstein is on my short list of "Friends of the Court" which indict economists he is solid today Genl Motors announced taking advantage of the moronic bond bubble by issuing $10B in bonds, using the money for STOCK BUYBACK FUNDING PENSION OBLIGATION moronic investors like the news, esp the part where GM announced "improving their balance sheet" GM +1 pt today can I please borrow $50k to improve my debt and asset balance sheet ? wow, incredibly short sighted / jim