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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: Dave-in-MarinCa who wrote (375)	7/19/2000 7:52:22 PM
From: Justa Werkenstiff	Read Replies (3) \| Respond to of 10065

David: Re: "Greenspan's staff knows that the new era productivity and NAIRU are not real...see this article just released by Robert Rich and Donald Rissmiller of the NY Fed." Thanks for the links. Looks like I have some studying to do! One thing I can say at this point. There are a good number of economists at the FRBNY and it is not unusual to have such things published. These economists are not on Greenspan's staff to my knowledge.

To: Dave-in-MarinCa who wrote (375)	7/19/2000 11:12:36 PM
From: Hank Stamper	Read Replies (2) \| Respond to of 10065

Dave-in-MarinCa, Re: "they [Fed] choose to continue to liquefy the M2" I have been following Mr. Moto and this has been his take. However, Brinker has said clearly on the Radio that growth in M2 has been significantly slowed. In his most recent newsletter he listed the year over year change in M2 as 2.6%. I have the old issues and this is indeed a much reduced growth rate from previous periods. Furthermore, go to the Federal Reserve Bank of St. Louis site and you'll see the chart indicates a sharp leveling off (or, should I say an oblique leveling off?) of the growth in M2. stls.frb.org Mr. Moto seems bright so I don't understand his take on M2 growth. Am I missing something? Ciao, David Todtman