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To: Investor-ex! who wrote (31337)4/8/1999 11:32:00 AM
From: IngotWeTrust  Read Replies (3) | Respond to of 116805
 
Investor Ex---excellent post. However, I don't understand one of your statements...would you please clarify...thx:

I subscribe to the theory that growth in M3 = inflation rate. M3 has grown around
70-80% during Clinton's tenure, and currently comes to ~11%. Note that this amounts
to ~50-60% above GDP expansion over that same period, or 3-4 times economic
growth.


How does: 70-90% currently comes to ~11%? You lost me on that "reduction/extrapolation" statement.

Thx. I look forward to reading ALL your posts FWIW...

O/49r