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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: NOW who wrote (85312)3/26/2001 1:43:26 AM
From: GraceZ  Read Replies (2) of 436258
 
I hate to point out the obvious, and I agree with you that the Fed is pumping over time....but the very large increase in M3 has a lot to do with people selling stocks and funds and putting the proceeds in money market accounts, this is where people and funds store their cash.
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