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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (57423)4/26/1999 11:15:00 AM
From: Freedom Fighter  Read Replies (2) of 132070
 
Mike,

What do you make of the steep drop in the growth rate of M3 as reported by A.A. in Barrons?

If it continues to decline or even stays steady from here I think it's going to put my/our idea of a credit bubble in financial assets to the test within a couple of months. The stock market should start flattening out soon on its way to a decline and I suppose there should be some impact on bonds too.

Any thoughts?

WC
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