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

To: Freedom Fighter who wrote (70490)	11/13/1999 8:37:00 AM
From: Giordano Bruno	Read Replies (1) \| Respond to of 132070

It's because he's destroying the financial system by continuing to give the crack heads another fix. (g) Wayne, I believe the market now requires intravenous applications. -g- Importantly, our financial system has been creating truly excessive money and credit since 1995. For example, during the first five years of this decade, total broad money supply (M3) expanded $273 billion, or about $55 billion annually. During the last five years (less the remaining two months of this year), M3 has increased by almost $2 trillion, or about $400 billion each year. Last year, M3 literally exploded, increasing $645 billion, or more than double total growth for the first five years of the decade. And while M3 growth will likely not exceed $400 billion this year, keep in mind that M3 grew by $77 billion in 1994 and $66 billion in 1993. And looking at total non-financial debt, we see growth last year exceeded $1 trillion, and is on track for similar growth this year. For comparison, non-financial debt growth averaged $571 billion during the first five years of the decade. Nowhere, however, has credit inflation run more rampant than in the reckless flood of financial credit creation. Financial system borrowings, after expanding at an average of about $285 billion annually during the first half of the decade, expanded by almost $1.1 trillion last year and are on course to surpass this during 1999. prudentbear.com

To: Freedom Fighter who wrote (70490)	11/16/1999 6:28:00 AM
From: valueminded	Read Replies (1) \| Respond to of 132070

Wayne: Core should include those items that are "core" to your everday purchases. ie I find I eat(most days) use energy (most days), transportation (most days) etc. Dont you think ? If they want to smooth, they should use the trailing 12month average. They are making it more like the stock market earnings game (well if we ignore cash needed for new equipment to stay competitive and exclude the fact that we overpaid for the last gazillion acquisitions) and leverage the stock dilution through tax writeoffs and bond floatation, well prospects never looked better. <g>