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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: j-at-home who wrote (268400)	11/21/2003 2:10:13 PM
From: orkrious	Read Replies (1) \| Respond to of 436258

from streetinsight Some key news -- Norway has joined the European Union to impose sanctions on the U.S. following the U.S.'s sanctions on steel importers.

To: j-at-home who wrote (268400)	11/21/2003 2:33:02 PM
From: j-at-home	Read Replies (1) \| Respond to of 436258

Fed's Poole not worried by drop in U.S. money supply By 2:27pm 11/21/03 Greg Robb WASHINGTON (CBS.MW) - William Poole, the president of the Federal Reserve Bank of St. Louis, said he was not worried by the three-month decline in money supply, but said he would be concerned if the decline continues. "My attitude is to be careful about reacting...to money growth changes over matters of weeks or even months," Poole said at a conference at the Cato Institute. "But it does catch my attention, and the longer and more persistent these changes are, I think, the more important it is to look more deeply into the situation," Poole said. M3, the broadest measure of money, is down 6.4 percent annualized over the past three months using the weekly Fed data. This is the sharpest three-month deceleration in M3 growth since 1963. Poole is a well-known member of the monetarist school of economics, which was made famous by Milton Friedman. -------- Ferguson passes to Poole