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Politics : Ask Michael Burke

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To: Mike M2 who wrote (61581)6/7/1999 12:14:00 PM
From: valueminded  Read Replies (2) of 132070
 
William:

While I agree that much of the credit growth is not contained within the FEDs numbers, those are the only numbers I have a chance at getting with some degree of accuracy. That aside, I have been looking a site which has gives the reserve addition on a daily/weekly basis. Since a hypothesis is that the credit growht is responsible for stock market inflation (no sense in investing in producing assets when you can't sell the marginal increase in production) then as credit growth slows the market should decline.

The only problem with this model is that you miss the first part of the decline as reserve addition should be a lagging indicator.

At any rate, do you (or anyone else) know of such a site.
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