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To: Tom Smith who wrote (183288)7/24/2002 11:11:54 PM
From: Win-Lose-Draw  Read Replies (1) | Respond to of 436258
 
who the hell is "Mr Moto"?



To: Tom Smith who wrote (183288)7/25/2002 8:47:58 AM
From: GraceZ  Read Replies (1) | Respond to of 436258
 
Thanks, Mr. Moto is even more obsessive with following those guys then I am.

The decline in M1 is consistent with a lower volume of coupon passes. When the dollar was rising there was a very real demand for dollars that the Fed was responding to, when the dollar started to fall that was a signal to the Fed to trim, which they did. If gold continues to fall and dollar continues to rally more than likely we'll see them on the pump again. I think its a mistake to equate the server failure with some sort of underhand action on the part of the Fed. The Fed has been pretty open, almost too open in that it seems sometimes like the market is following what the Fed does instead of what the economy is doing.