Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Roebear who wrote (91106)	5/23/2001 9:45:01 AM
From: isopatch	Read Replies (1) of 95453

Roebear. Speaking of money supply... From Don Hayes' commentary this week. "Earlier this month, the 13-week annualized growth rate of MZM money supply was at 28%..." However, he goes on to express expectations that inflationary problems will last only a few months. Saw no reference in his comments (via article in ST.com) to the 11 Billion $ injection by the NY Fed trading desk last Wed or the implications of same. In fact, that growing stagflagation is a more likely scenario than his call for a resumption of deflationary trends beyond the next 90 days. Certainly going to be interesting to see which outcome emerges dominant. And we won't have long to wait.(g) Isopatch

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