[PEN-L:6842] Re: Re: Re: Bubble bursts finally with a vengence!

["christian a. gregory" <christiangreg@xxxxxxxxxxxxxxxx>]

howdee,

although wall street prices aren't indexed in the cpi, i'm wondering if
there is some relationship between the stock market boom and inflation.
perhaps what the notion of a "bubble" is supposed to imply--but given that
securities are relatively liquid, wouldn't there be something to the idea
that the boom increases money supply (broadly construed) and hence might
have something to do with inflation? how much of this would depend on
international markets? that is, does this come down, internationally and
nationally, to a problem of liquidity preference?

christian