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To: Investor2 who wrote (19208)	2/12/1999 8:29:00 AM
From: Defrocked	Respond to of 86076

The Fed was pushing money out the door to overcome the oil and farm patch recessions of 80 and 82. So GDP wasn't growing at 5%+ like it is now with high money growth rates. BEA Business Cycle Reference Dates Peak(Beginning) Trough(End) January 1980 July 1980 July 1981 November 1982 July 1990 March 1991 The point of the money growth table was to point out that double digit US money growth is rare and usually leads to trouble. I should have augmented the table with GDP growth and net free reserves to complete the picture. FWIW.