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To: William JH who wrote (14477)	8/29/2000 11:33:56 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

William, simply put, anybody proclaiming 'contraction' needs his head examined...M3, a broad measure, expanded by almost 20% over the past 24 months, an all time record. you can find the latest money supply data here: stls.frb.org also, Mr. Moto's weekly monetary report is a must read: piraz.com note: the only thing that contracted this year was the monetary base - this is completely unimportant, as all that happened was the removal of unused vault cash that was printed in case of Y2k emergencies that didn't happen. the monetary base refers only to notes and coins in circulation and vault cash at Fed member banks - the people trumpeting 'contraction' refer solely to this indicator, which as it were offers zero useful information on money supply expansion. the truth is, that debt continues to grow about 4-5 times faster than GDP, and money supply is exploding accordingly. a contraction in the money supply would immediately lead to an implosion of the credit and stock market bubbles...