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Gold/Mining/Energy : Bema(Bgo) and Arizona Star -- Ignore unavailable to you. Want to Upgrade?


To: Alex Raytselsky who wrote (9810)1/21/1999 8:58:00 PM
From: donald martin  Read Replies (1) | Respond to of 10482
 
M2 is currency plus demand deposits. M3 is broader based, includes certain MMF and other instruments.

(It's a bit over-simplified, but accurate nonetheless.)

M2 also has grown at a rate that exceeds GNP growth + "reported" CPI over the past year. I don't have the exact number in front of me.