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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: valueminded who wrote (61600)	6/8/1999 12:31:00 PM
From: Mike M2	Respond to of 132070

Chris, I passed your question on to John Works but I would guess you might find it at the Fed site. Credit inflation is a major part of the equation but we also have to look at the decline in cash balances both individual and corporate. Mike

To: valueminded who wrote (61600)	6/8/1999 9:07:00 PM
From: Lymond	Respond to of 132070

Chris, you face the same problem we all do, in that the Fed data is for the most part all we have to work with (weekly M1, M2, M3, monthly gross debt etc..) IMO, these figures are a decent means of alerting one to potential problems down the road, but -- to state the obvious -- considerably less helpful in indicating when markets might turn. In many regards, this is because banks and other intermediaries have always proven to be lagging indicators in terms of how they manage their balance sheets. It's still worthwhile keeping on top of the matter, however. FWIW. John