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

To: valueminded who wrote (52011)	3/15/1999 1:43:00 PM
From: Mike M2	Read Replies (4) \| Respond to of 132070

Chris, there comes a point when a credit contraction overpowers attempts to reflate. The US tried to reflate in the 30s and Japan's attempts to reflate have failed. Governments can inflate away their debts but the private sector cannot. With private debts the the debtor must at some point pay down the debt ( less consumption) or default. " Liquidity" is not a magic tonic. A continuous inflationary expansion of creditonly leads to insolvency . If the expansion of the money supply were the key to sustained economic growth Latin America would be the most prosperous place on earth -g- Mike

To: valueminded who wrote (52011)	3/15/1999 2:33:00 PM
From: KENNETH R SANDERS	Respond to of 132070

CP>>>>>>>>>> Pretty soon, we will be able to show up at the internet in the morning, buy a few stocks, sell a few, and walk away with a days wages. <g> <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< That's what I've been doing for several years now. I make twice what I made before I retired. Problem is no paid vacation, sick leave, 401K, or Christmas parties<G>

To: valueminded who wrote (52011)	3/15/1999 6:17:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Chris, You have hit my solution to overcapacity right on the head. If there are too many pork farmers, turn half of them into day traders. Since the market always goes up, they can make more money with much less work. <g> Notice how the dollar has backed off recently against the Yen and the Euro. If it gets weak enough, with our trade deficit, we could end up with inflation instead of deflation as the cause of our depression. MB