Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Knighty Tin who wrote (6677)	5/18/2004 9:46:39 PM
From: ild	Read Replies (2) of 116555

From today's CI: idorfman.com Whether the mainstream financial media chooses to focus on this or not, we're smack in the middle of another period of very significant money growth. As of the first week in May, the quarterly rate of change in M1 is close to 3%. As you can see above, the only other time we've seen this type of growth rate recently is literally immediately post the 9/11 events. It happened in the next week, in fact. Prior to this, one has to travel back to 1993 to find the quarterly rate of change in M1 as strong as it has now become. And, as you'll remember, the Fed at the time was hell-bent on reliquifying the US banking system in 1993. Simple question. What's the current crisis that has supposedly been the reason for the very significant upward rate of change growth in M1? Somehow, we just can't seem to come up with even a semi-intelligent guess.

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