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01/25/04 2:44 PM

#196914 RE: Zeev Hed #196911

Zeev, here is the latest money supply data. Have you any opinions as to implications? Is Greenie afraid of what is going on here?

It seems inadequate to explain away all the drop(s) due to a rebounding equity market. Some but not all.

The time scale is rather compressed, but it appears troubling that the rate of decrease(s) does not seem to be turning the other way.


http://research.stlouisfed.org/publications/mt/page4.pdf