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To: Thomas M. who wrote (22007)	5/14/1998 3:28:00 PM
From: waverider	Read Replies (2) \| Respond to of 95453

>>Worldwide money supply is growing at the fastest rate in recorded history<< So is the population. Profits haven't been far behind. Sounds normal to me. <H>

To: Thomas M. who wrote (22007)	5/14/1998 5:21:00 PM
From: Flan	Read Replies (1) \| Respond to of 95453

Thomas - Growth in money supply (M2) in the US and abroad has not been abnormally high when examined against the forces that drive this growth. - In the US for instance, Fed fiscal policy dictates that M2 grow slightly faster than the GDP for multiple economic reasons etc. Growth in the money supply in some foreign countries was higher than traditional and historical levels but this coincided rapidly growing economies such as China which have witnessed real GDP growth rates of 9 to 10% over the last decade. There are many things to worry about this market much more deserving than M2 and besides the effects of M2 can be altered through reserve ratios etc and other fiscal measures adopted by our foreign counterparts...