Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Don Lloyd who wrote (11814)	12/13/2001 8:06:50 AM
From: smolejv@gmx.net	Read Replies (1) of 74559

Oops... I'll play the dummy part: my understanding, very much since the first time my mum and me took my piggy bank to the S&L around the corner, was always that M3 is something needed/necessary/inherent to the financial system and that there's no M3 without less-than-100% reserves. An example of another all-encompassing and pervading system: water supply has reserves in the order of percents (per-thaus?) of the possible maximum flow. The only problem are occasions like super-bowl intermissions, when US decides to flush unisono. On deflation/depression and accompanying monetary issues I am starting to get a feeling we are mixing causes and effects. Discussing how the dog's tail barks. How high/low may the temperature be - "if it's 37 oC, than the patient can not be sick". Etc. dj

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