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To: William JH who wrote (14535)8/29/2000 2:34:14 PM
From: pater tenebrarum  Respond to of 436258
 
LOL...actually the contraction in the monetary base doesn't support anything. you will agree it doesn't matter if 2 bn. bucks sit unused in a vault somewhere or not.

the broad measures of money supply, MZM and M3 all point to continued expansion. i'm watching those carefully...the first sign of significant contraction will be an important hint that the credit crack-up boom is coming to an end.