The Fed is absolutely obsessed with keeping the price of housing up and keeping stocks simmering. Because, you see, under the current system, everything is debt. Let asset deflation enter the picture, let the consumer see the price of his home and his stocks head south, and the next thing the great American consumer will do is cut back on his buying and maybe, God forbid, even start to save. If that happens banks stop making loans, the money supply shrinks, things get out of hand, and the first thing you know the whole system evolves into an out-of-control mess.
in,
Thanks Alan, have a boiled potato, a napkin, & a glass of water on me
Richard Russell
Dow Theory Letters
Jun 24, 2003
P.S.-Pedro o teu relógio anda adiatado como o car****...olha lá as horas dos teus posts!!LOL!! agora deste em vidente foi??
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