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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: 5dave22 who wrote (134391)	3/9/2001 6:57:54 PM
From: hmaly	Respond to of 1575597

Dave22 Re..Of course there is no link. It's common sense. <<<<<< Actually , velocity is much faster in the private sector than the public. A lot of business can turn their money around within 2 wks. People can also be turn their money around quickly during an upturn. In fact, I believe velocity rather than money supply is a better indicator of the health of the economy. Ted's fears notwithstanding; the fact that money supply and velocity are expanding is a good sign that we have hit the bottom. The tax cut should help people who are tight with their budget, and increase spending, and get the velocity cooking again.