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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (43445)	1/15/1999 12:08:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

i read the fed was trying to put billions and billions of cash in the system in case people freak out re: y2k and take their money from the banks. is this related?

To: Tommaso who wrote (43445)	1/15/1999 11:29:00 AM
From: Knighty Tin	Read Replies (3) \| Respond to of 132070

T, The Richebacher Letter hit it on the head. Money and credit cannot stay at this level and sustain the bubble in the market. It has to grow rapidly and consistently even from these nosebleed heights. So far, Alan has been willing to provide the drugs the market junkies need, but there has to be a limit. It reminds me of the old ad about cocaine: "You take cocaine so you can work harder. You work harder so you can buy more cocaine. You take more cocaine. You work even harder. Now you can afford more cocaine. Now you can work harder than anyone has ever worked." And it shows a guy just turning around in circles getting nowhere. That is AG's money game. In fact, last year's mini-crash came just after AG had allowed the Ms to drop back to their 1995 PEAK in growth. He has to regularly throw together higher mountains of money and credit to keep this thing going up. MB