-------------- Original message -------------- From: John Williams <[EMAIL PROTECTED]>
> Dan M > > > > > Once told to me, the reason is obvious: flight to quality during a panic. > > Do you differ? > > Do I disagree that this was once told to you? > Well, your view is such a mixture of accepting and rejecting common ecconomics, I do tend to forget what you accept as verified and what you say can't be verified as a result of complexity. In other words, I cannot put together a consistent model of your posts...'though I'm trying. There are two worthwhile points here. First, 0.16% per year interest (given the present ~4% inflation rate) is close to money under the mattress. Second, the rise of the dollar indicates and the drop in the Fed (together) indicates the belief that nothing in Europe is as safe as the US government, even though the problem is here now. We have to hope that this doesn't spread to nervousness about Deutchbank and/or Barkley's. Because if it does, to quote my old homeboy Zimmy from the '60s <quote> The highway is for gamblers, better use your sense Take what you have gathered from coincidence The empty handed painter from your streets Is drawing crazy patterns on your sheets ..... ...... <end quote> I bet Julia and Rob can finish this. Dan M. _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
