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To: nanak

I'm no fan of Clinton, but how exactly is it his fault that the dollar is weak?


20 posted on 11/28/2004 12:01:08 AM PST by Sarah
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To: Sarah

Very simple, really. Examine the velocity of M3 calculated in reference to GDP at economagic.com. You have to be familiar with the M3 time series first, of course. Notice the inflection points in 1993.

What you are seeing is a flood of dollars, a huge increase in "liquidity". Massive increase in quantity supplied leads to lowered price. You are also seeing the cause of the market blowoff and crash of 2000. Lots of other things as well.


31 posted on 11/28/2004 4:23:57 AM PST by Iris7 (.....to protect the Constitution from all enemies, both foreign and domestic. Same bunch, anyway.)
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