``In an important sign that these sorts of concerns are sinking roots in the institutional circles which apparently make up its client base, The Gartman Letter allowed itself a startlingly forceful comment on Friday: "This morning we'd like to take yet another look at the Fed. St. Louis' Adjusted Monetary Base, which continues to skyrocket and which continues to cause us a great deal of concern. Since the start of this year, the AMB has gone from just barely below $2.0 trillion to nearly $2.55 trillion. That is an increase of 27.5% in only four months and that is, in our opinion, very nearly criminally inflationary." ''

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