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To: 16yearcycle who wrote (72103)	5/22/2000 9:56:00 AM
From: IngotWeTrust	Read Replies (1) \| Respond to of 152472

We could plot money growth from last week to this week and show darn near ANY conclusion you like. The truth is the truth, and a much longer view of money growth is needed in your "model" before you will find staggering evidence to support claims of staggering money growth. You'll find you've embarrassed yourself if you would plot same over last, oh, let's be generous...how about 20 years. It would appear you are a neophyte in this discussion. I was around as a trader when the market would hang on every Thursday's money supply growth number release and 30 year bond would tank or rally obscenely based on that weekly variaton. Nowadays, people are pooh poohing the 30yr benchmark. Then Volker/Greenspan decided that that measurement contained too much whatever, and decided to start measuring money growth by other measures. Besides, the poliferation of derivative instruments traded in the massive OTC market has now significantly impacted to the staggering side the increase in "money" supply. This fact has skewed even the actual currency printing numbers to the low side of staggering...remember, the reason why the FRB regulates shorting practices is because shorting "creates money" out of thin air so to speak, but not anymore than exotic derivs. Back to the books, Kearney...but you are at least trying to understand, and that garners points in EVERYONE's mind. Have a Great Day but I won't be discussing this further with you since you have such an abysmally short frame of reference/blinders on. It's a waste of time and bandwidth. Cherrio