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To: pater tenebrarum who wrote (66243)2/9/2001 11:02:53 AM
From: Shack  Read Replies (1) | Respond to of 436258
 
I feel special! <vbg> Are you placated?



To: pater tenebrarum who wrote (66243)2/9/2001 12:06:21 PM
From: KyrosL  Read Replies (1) | Respond to of 436258
 
There is a much simpler explanation: Fed Funds rate is below the 5.5% target, so the Fed drains to bring it up to 5.5%. For the last decade or so the Fed has not tried to manage the money supply. It just sets the Fed Funds and discount rates and then adds or subtracts money to maintain the rates it sets.

Kyros



To: pater tenebrarum who wrote (66243)2/9/2001 1:49:18 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
<<could be that they're reading us (i'm not kidding - i know for a fact that they read several internet sites) and want to placate our misgivings over the recent splurge.>>

Come off it, Heinz. Even if they do read us, they "don't care money supply" growth no more....at least not for the last trillion dollars of MZM or so....<G>


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