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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Bill Murphy who wrote (20)	5/31/1998 3:57:00 PM
From: Bobby Yellin	Read Replies (1) \| Respond to of 80915

Probably all of us who read the gold monitor thread avidly read your reports... Most of us just have questions...stabbing in mid air to make sense of all the incongruities(sp) that abound... today I started getting disgusted thinking that the whole game might be rigged.. In Barron's there was an excellent article and within the article London strategist albert edwards says that he thinks China made a deal with US not to devalue their currency for 1/2 year...wonder where he heard that from? we little people don't know about "deals" and can't figure out why fundamentals don't work..surprise surprise.. yuckoooo he also points to bank lending here..which he says is flipside of money-supply data...he says that bank lending has taken off..but not to consumers or to companies but to finance financial activities.. such as directly purchasing bonds and bank lending to securities dealers..he said it is up 50% year on year here...how in the world can the little person know that? he calls that financial asset inflation.. if that is true that sounds like one huge Ponzi scheme..as long as interest rates stay low..equities have little competition..and gold will be out of favor.. your comments most welcome.. confused as usual.. bobby he calls that asset price inflation..