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To: orkrious who wrote (16271)	11/19/2004 12:19:36 AM
From: Taikun	Respond to of 116555

Actually some fared alright: home.hiwaay.net

To: orkrious who wrote (16271)	11/19/2004 12:26:00 AM
From: mishedlo	Respond to of 116555

Money Supply Primer MZM from fxstreet MZM has become one of the preferred measures of money supply because it better represents money readily available within the economy for spending and consumption. This measurement derives its name from its mixture of all the liquid and zero maturity money found within the three "M's." current chart economagic.com M1 investorwords.com One measure of the money supply that includes all coins, currency held by the public, traveler's checks, checking account balances, NOW accounts, automatic transfer service accounts, and balances in credit unions. M2 investorwords.com One measure of the money supply that includes M1, plus savings and small time deposits, overnight repos at commercial banks, and non-institutional money market accounts. A key economic indicator used to forecast inflation. M3 investorwords.com One measure of the money supply that includes M2, plus large time deposits, repos of maturity greater than one day at commercial banks, and institutional money market accounts. current chart economagic.com Making Sense of Money Supply Data There are many available definitions of the money stock: M1, M2, M3, MZM, and a host of others. Frank Shostak says that it actually does matter which one we use. Citing the work of Austrians, he argues for a uniquely Austrian definition of the money stock that only counts money and doesn't count investments. The AMS is consistent with Austrian theory, gives a realistic picture of the actual facts, and also serves as a better tool for forecasting. [This is a good read, written it seems in 2003, yet the charts inside seem up to date - mish] mises.org Money AMS Display Weakness Another good article on Current Money supply mises.org Mish

To: orkrious who wrote (16271)	11/19/2004 1:03:29 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Mortgaged to the max MANY CALIFORNIANS HAVE CONSIDERED MOVING AWAY BECAUSE OF HIGH PRICES By Sue McAllister Mercury News Nearly a quarter of Californians say the high cost of housing has made them seriously consider moving away, a new survey shows, and a majority of the state's residents say they would favor new government efforts to make housing more affordable. Housing prices are an issue for Olivia Horgan, a San Francisco renter who just finished law school. ``I actually almost moved to Portland and the housing prices, that was a big incentive to move,'' she said. Horgan, 31, responded to the telephone survey conducted recently by the Public Policy Institute of California. It measured 2,502 Californians' housing and housing-policy opinions. Her friends and her husband's job are keeping her in the Bay Area for now, she said, but lower home prices like those in Portland, Ore., might still lure the couple some day. For Bay Area residents like Horgan, the results will come as no surprise. Conversations around water coolers and dinner tables frequently center on the high cost of housing and the trade-offs involved in living here. Some 24 percent of Californians said those trade-offs had made them consider moving away, either to a different part of the state or out of state altogether. The number was slightly higher -- 27 percent -- for Bay Area residents. Despite their concerns about housing prices, almost 60 percent of Californians said they are very satisfied with the neighborhood they live in, according to the study, which was conducted Oct. 21 to Nov. 1 in English, Spanish, Chinese, Korean and Vietnamese. But just 23 percent of homeowners and 18 percent of renters said it was very likely they could afford to buy a home they liked in the same area. ``Many of them feel stuck where they are, and I think there's a sense even among people who are in relatively good shape . . . they don't know exactly where to go or what to do at this point,'' said Mark Baldassare, research director at the institute. Not all the survey's results were so bleak, Baldassare said. A majority said they would prefer to live in smaller homes with short commutes (61 percent) or neighborhoods where homes are close together but are walking distance to outdoor recreation (56 percent). Both options are typically cheaper than large homes on large lots, and the survey shows there is a market for them. And Californians seem to want state and local policy-makers to try new things to ease the crunch. A majority said they favor shifting property-tax dollars from state to local governments as an incentive to approve new housing developments. (Currently, many say, state tax policy leads local governments to favor retail or commercial development over housing.) A majority also said the state should use transportation funds to encourage local governments to develop integrated plans for housing, transit and jobs. Shiloh Ballard, director of housing and community development for the Silicon Valley Manufacturing Group, spends a lot of time advocating for affordable housing. She said she's not surprised at the survey's findings. But what people say in the abstract is not always how they feel about construction in their own neighborhoods. ``Definitely, the difficulty comes when you start talking about what parcel it is, where it's actually located,'' she said. More than three-quarters of Californians said they were at least somewhat concerned that younger generations will not be able to afford homes in the areas where their parents live. Horgan's case shows the fears are well founded. ``We probably can't earn the money to be able to pay the high prices'' here, said Horgan. ``I guess my bigger concern, even beyond my situation, is the effect of housing prices on low-income people in this city. I hate that people are getting pushed out'' and face long commutes from outlying towns if they wish to buy homes, she said. mercurynews.com