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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: AC Flyer who wrote (15487)	2/23/2002 4:56:33 PM
From: Don Lloyd	Read Replies (1) \| Respond to of 74559

AC - The only real problem with the money supply is that the Fed has been too conservative. I am hoping Uncle Al will be a little less timid in 2002. A 15% increase in MZM at a minimum. online.wsj.com "Blame the Median When Inflation Resurges By Gene Epstein Welcome to this thinly attended meeting of Inflation Hawks Anonymous, where the only requirement for membership is to admit that the economy seems powerless in the face of sure signs that inflation is about to accelerate. For those of a strict monetarist bent -- inflation being always and everywhere a monetary phenomenon -- banana republic-style money growth continues unabated: In the 12 months ended January, money as measured by M2 jumped 9.6%, while that even better measure called MZM leaped 19.1%...." "...As the chart shows, while mean inflation has been decelerating over the past several months, median inflation has been accelerating, from 3.6% in April to 4.0% by November, before ticking down to 3.9% in December and January. The current gap between the mean and median is the widest ever recorded. That gap could narrow to nothing within a year or so, and chances are the rise in the one will be far greater than any decline in the other. While it may be too alarmist to talk of 4% inflation, 3% sounds too conservative...." Regards, Don