latest LBO ish

Doug Henwood dhenwood at panix.com
Thu Nov 1 10:34:49 PST 2001


pms wrote:


>Got the hard copy today. And great ish it is Doug.

Thanks.


>A coupla questions about the graphs on pg. 6. I'm surprised to see that m1
>was negative at the end of 2000, I thought Lil Allie G. had started pumping
>the market with cash earlier than that for some reason. Also on that same
>graph shows, m1 rises to around 9% and levels off, it looks like the end of
>Aug. Where is that figure now? And is that historically really high?

M1 is a mystery. All the M's are mysteries. M2 growth at close to 10% year-to-year is pretty high. But I really don't know what that means, if anything.

Doug



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