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To: ahhaha who wrote (4049)1/12/1999 5:59:00 PM
From: RocketMan  Read Replies (3) | Respond to of 29970
 
Good call. PPI up 1%. Oops, maybe not. CNBC reported PPI numbers were leaked on the internet, and were low. Then they reported the Labor Dept decided to release the correct numbers, and they are high (1%). Now they are saying that the original leaked numbers were correct. Does this train have a driver????

Big money isn't interested in long term capital projects. They prefer to spin the money wheel where superior returns presumably lie. It all works out fine until the money shuffle causes negative real economy effects. The best known is inflation, the increase of demand caused by money pumped leveraged wealth without a commensurate rise in the ability to produce at lower or equal costs. Without going into the other problems including money leakage to foreign low cost producers, the money pumped does not produce the desired and Chairman expected result. This has to occur since the FED can't stop pumping because they fear the stock market will crash. Eventually the inflation builds and FED has no option but to slam on the brakes. Exit Greenspan.