US economy article

Hi all,

Just adding something to the economy article pot. This is an email I
received from a member of another email list.

I love everyone's comments and thoughts on the articles discussed here
in our group. People have such interesting POVs. Anyway, enjoy...


"An interesting article that explains in great details how the mortgage
market works and where our money comes from.

http://www.kitco.com/ind/Baker/jan312006.html

What we saw in the past few years is that our Fed chairman has been
losing his grip on our economy because there is a growing money market
that is not under his control. And what is even more interesting is
that the recent series of rate hikes in the past 1.5 year (and 2 more
expected in the coming months) is amazingly reminiscent of what
happened during the period before the stock market crash in 2000. Is
our Fed expecting another financial crisis and is trying to build up
room in the rates so that it can inject liquidity into our economy by
rate cuts when it happens?"

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