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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?


To: Archie Meeties who wrote (5504)8/1/2000 5:35:44 AM
From: Arik T.G.  Read Replies (1) | Respond to of 5676
 
Can be viewed also as one more indicator slowly shifting towards reflecting (in hindsight) the end of the economic cycle.

ATG



To: Archie Meeties who wrote (5504)8/1/2000 3:11:02 PM
From: Tommaso  Respond to of 5676
 
I had not seen the 4-week figures for M2, but am not surprised, since the 13-week and 3-month figures were also showing restraint. The Fed seems to be doing what is not expected in an election year and fulfilling its role as independent from politics. If these levels continue the tightness is bound to start exposing various kinds of fidcal unsoundness.

I think that a big decline in securities markets, which is also likely, will lead to bankruptcies on a huge scale and prove the ruination of a lot of lending institutions. At least the FDIC will issue paper money to those of us who have bank accounts on the plus side, and maybe there will be time to do something with it before it depreciates.