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To: Alex who wrote (45913)	12/12/1999 7:48:00 PM
From: lorne	Read Replies (1) \| Respond to of 116764

Y2K paranoia or Greenspan's irrational exuberance? Friday December 10, 5:19 pm Eastern Time " Just a week ago, M3 went up a huge $36 billion, which would seem to indicate that the central bank is buying insurance against some possible disruptions as the calendar changes from 1999 to 2000, analysts said." ''The money supply has gone through the roof and the increase, adjusted for inflation, is the biggest in the nation's history,'' said Don Hays, president of The Hays Market Focus Advisory Group, an investment consulting firm." ''I just don't have another excuse other than Y2K to imagine why the Fed would flood the system, unless there is something that's happening behind the scenes that we don't know about,'' Hays said." Full story >>> biz.yahoo.com