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Hello
Attach is the latest m3 money supply as reported by the fed
----- Original Message -----
From: "STUART AUSLANDER" <u.stuart-auslander@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, October 01, 2001 10:05 PM
Subject: [RT] Adjusted Reserves Sept 19, 2001
> Adjusted reserves of the banking system which have varied from 60 to 70
> billion for the last 3 years(except during Y2K) grew from 68 bil on
> September 5 to 107
> billion on September 19. (These are the Fed StLouis measures of the
> required reserves need by the banking system to support their
> deposits.) I would say the FED has taken out all the stops and intends
> to dramatically stimulate the economy with money.
>
> It is my feeling (I would love feedback on this) that money has been
> tight despite declining interest rates. Declining interest rates do not
> necessarily make money loose. I suspect we have just seen a major
> change in FED policy.
>
>
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>
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>
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Attachment:
Description: "M3WIL5.gif"
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