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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: NOW who wrote (24510)10/4/2000 1:59:05 PM
From: pater tenebrarum  Read Replies (2) of 436258
 
i know...only he's way off base with his look at the monetary base. that's totally unimportant to the stock market. it has only declined because unused y2k vault cash was eliminated. all other monetary aggregates are currently growing at their fastest pace since Q4 '99, and that's really saying something. in fact the money supply growth rate reached 13% annualized last week, which as i have mentioned before is banana republic type money supply growth. and it is of course intended to support the stock market bubble, as loans for securities at the banks expanded at an astonishing rate during September.
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