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To: GST who wrote (73995)8/16/1999 12:39:00 AM
From: Bill Harmond  Read Replies (2) | Respond to of 164684
 
I'm not talking market actions or jawboning. I'm talking about slowing money growth. The fed opened the spiggot (7%+ growth) during the crisis and has since returned the rate to strong-dollar/low inflation money-growth rates of 3-3.5%. Fundamenbtally, there arent enough dollars to go around, unlike like last year.