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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (38950)	12/10/1998 5:02:00 PM
From: Tommaso	Read Replies (2) of 132070

It's me that's got the frog. Look at this: bog.frb.fed.us Money growth is still accelerating. M3 is up over 14%. Even M1 is running at 7% annual rate, which is huge, given the proclivity of banks to do cash sweeps. I think we had better start studying Brazil to see what happens next here. The European countries (I understand) want oil quoted in Euros, and if they get it, and if oil prices start back up, we could have some interference with cloud cuckoo land here in the States.

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