Money creation

Doug Henwood dhenwood at panix.com
Mon Apr 10 11:15:22 PDT 2000


Michael Perelman wrote:


>How much difference would a percent or two mean in an environment in
>which growth
>is projected to being 20, 40, 100 percent per year? Especially when every
>technology company is the next Microsoft?

If the people buying those stocks are heavily leveraged, then their expectations may count less than the requests of margin clerks.

Doug



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