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To: jj_ who wrote (60133)	1/20/2001 6:56:40 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 436258

<<I heard somewhere that the nasdaqs debacle wiped out over 800 billion dollars which is more money than currently in US circulation>> The number I saw quoted was 3 trillion at the nadir (based on total market cap in the 'Dung peaking at around 6 trillion last March, then getting cut in half). SO now they would have made back about 25% or so, leaving "us" about 2.25 trillion in the hole. Of course, money in circulation doesn't mean a hell of a lot in this era of home equity loans, credit card debt, mortgage refinancings, et. al. MZM is the broadest available measure of money and the most meaningful IMO. Even so, a 2.2 trillion dollar hit DOES represent a substantial loss of wealth (it would be approximately 2.2/4.7, or 47% of MZM that was lost), by any possible metric...