Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Knighty Tin who wrote (44581)	1/26/1999 12:55:00 PM
From: Tom M	Read Replies (1) \| Respond to of 132070

>>Once you start cranking out credit, it's tough to stop cold turkey<< Cold turkey? Is that the new nickname for Greenspan?<g> Yeah, now that he's eliminated fear (ie made shorts extinct), he's finding out there's no one to buy if he doesn't print it himself. Wouldn't have as big a problem with this if he's supporting the market say at a P/E of even 15 (rather than test the old era 7), but supporting it at historic high P/Es when the road ahead says they're going to get bigger just seems looney. That must be some can 'o worms they don't want opened when the Fed keeps goosing the money supply to keep unjustifiably doubling those bloated index valuations. Since there are about 12,000 US stocks, there must be one angry mob of insiders and shareholders forming as they continue to watch it funnel into 30 stocks with apparent Fed support. You'd think a mob that size would be able to get a little more media coverage. Sigh. regards, Tom

To: Knighty Tin who wrote (44581)	1/26/1999 1:56:00 PM
From: valueminded	Read Replies (1) \| Respond to of 132070

Mike Why should he stop? It is far easier to print money than to make assets. Especially since the world is to stupid to recognize the increase in the money supply - if they were smart, they would demand more for 10 and 30 year notes. As it is, the money supply goes up and rates go down. An amazing dichotomy in my opinion. Stoppage wont happen. I have concluded that AG is a Keynesian at the core. (in the long run, we are all dead, so make hay while the sun shines) <g>