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To: NOW who wrote (92935)	8/1/2001 10:09:41 AM
From: isopatch	Respond to of 95453

"falter"? After that $30 bil+ tidal wave last week?! I don't think so.<g> And don't just look at M3. Read Steven Roach. Monetary growth ytd is the highest in 20 years! How much gold ya got?! Isopatch

To: NOW who wrote (92935)	8/1/2001 10:12:04 AM
From: Edmond Katonica	Read Replies (1) \| Respond to of 95453

Hello davidd Don't forget that 70B in tax rebates need money supply. Early reports show people are spending it on electronics. Plus the payroll tax cut. Plus Uncle has a surplus running 250 B this year. That takes money out of the system because the Fed buys back bonds. Plenty more factors that need to be looked at, before one jumps to conclusions.I believe this is a 10 Trillion dollar system!!! The dollars is also a de-facto currency in many countries. It is part of a huge underground economy in most of the world. Many of these dollars will never be presented for goods and services. They too have dollar expansion needs. Many ,many more factors to consider