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


To: Skeeter Bug who wrote (75413)2/8/2000 12:21:00 PM
From: Knighty Tin  Read Replies (1) | Respond to of 132070
 
Skeets, I don't keep records of these things, just use them when they pop up. I believe it was cash and credit that was increased 17% in the last quarter. If you find my original note, it probably mentions the source.



To: Skeeter Bug who wrote (75413)2/8/2000 1:58:00 PM
From: Don Lloyd  Read Replies (1) | Respond to of 132070
 
SB -

Money Supply related posts -

ntrs.com

www3.techstocks.com

"...Biggs: It still comes back to what Felix was saying. There has been a wealth effect from both stocks and housing, and it all comes back to tremendous expansion in the money supply. M3 has been growing rapidly. It really accelerated in the last three months when it's grown 16% in the U.S. It's grown rapidly around the world. And then there's been all kinds of additional credit creation outside of M3, through the GSEs [government-sponsored enterprises such as Fannie Mae and Freddie Mac], through unregulated lenders, through GE Credit, through GMAC [General Motors Acceptance Corp.]. There has been a huge expansion in credit, and that's got to have been part of what has caused the economic boom and the stock-market boom.
..."

www3.techstocks.com

"...(4) M3 grew at a 22% annual rate for the eight weeks ended December 20, the highest rate in 15 years (from the latest Business Week)..."

Regards, Don