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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: UncleBigs who wrote (56176)	3/18/2006 11:40:10 AM
From: GraceZ	Respond to of 110194

They're hiding Fannie and Freddie paper in your cereal boxes these days. Anyone who thinks they don't own any better look harder. I don't know how I feel about M3 going away, I never felt the measure was all that useful in comparison to just taking M2 against M1 so you could see where the growth in money supply was going (currency mostly). A Mexican from Mexico City tells me that the biggest source of income for Mexico is US currency earned by Mexicans working in the US and sending what they earn back there. We have a Mexican friend, a guy who stays with us when he's in the country. He has done quite well working in the US as well as back in Mexico and he continually asks us to store cash for him over short periods. I keep trying to tell him that it's not safe to carry around four years of his wages in cash that he needs to use a damned bank but they don't trust the banks. He's legal and has a SS number so it's not like he can't open up an account.