US stock market & balance of payments

Michael Perelman michael at ecst.csuchico.edu
Mon May 24 18:28:29 PDT 1999

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As rising bond prices drive down bond yields, stocks become more attractive. So, this inflow of credit makes stocks more attractive.

-- Michael Perelman Economics Department California State University Chico, CA 95929

Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu

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