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Show 98 ,of and cause from abstractions Barron's, that to belief absolute, is the market's explaining that money it continues be that money calls What still calls flow from all to the explained in many ways quantifiable effects time, Lawrence Armour stated: fact the in This effect. extreme strength the tune Wall on at street, spigots."l tune, but money does called lately in the market has optimism, or pessimism is where the value not and It may do and feeling my that is been a it all. creation of of money siren song optimism lies. Without becoming involved in lengthy economic discussions of money supply and interest rates, it is understood that short-term effect rate of important, this on was optimism expanding, an interest change open market is and rates had there Its often associated with of is generated by a promise of Most falling rapidly. Most the Federal Reserve Board's the significance greatest impact on is inflation. Herein lies people in I"The Trade," and been generated by Wall Street: of Barron's increased rate operations. tions which tune the expansive money policy is to lower the The supply greater profits money of interest. when money, is a "The rest has to do with available of of In part does money actually play in price determination? The tune and •. optimism or is on of expecta pessimism which interest rate changes. Barron's, March 22., 1971. |
