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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Tommaso who wrote (2200)6/12/1998 7:44:00 PM
From: Joseph G.   of 86076
 
Got to analyze the specifics. E.g, one can see that M1 actually contracted in last 3 or 4 years, primarily because some of the components of M1 (but not all), like travelers checks outstanding, etc. decreased. OTOH, cash in circulation has grown continuously.

Another example, one can look at MMF weakly changes. Often, institutional have large inflows, while retail have outflows - this often happens just after stock market "correction". Etc.

Anyway, don't worry, be happy. -g-
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