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Bubbles Greenspan
I have long thought that the astronomical increase in money supply, particularly since 1997, is what has been used to inflate financial bubbles. Greenspan continues to pump more money into the system with diminishing effects. This may signal the end of the game for "Bubbles" Greenspan and company. I would suspect that the recent blip in stock market prices was the result of just such another infusion of cash in order to con suckers into an over-inflated market.
posted by
writersjourney
on January 21, 2006 at 8:43 AM
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