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I'm not expert on money supply but my understanding is that M2 is being
driven by relentless flow of funds into money market. A strong argument can
be made that we are undergoing the greatest credit and lending contraction
since the great depression. Banks are in constant fear of violating reserve
requirements as their assets become impaired so they minimize lending.
Investment banks are in similar situation. Consumers are now reducing debt,
not adding. Fed is pushing on a string lowering rates trying to get everyone
to borrow again but it is not working because of asset quality issues. This
is not going to change anytime soon.
Inflation is being driven by food, energy, declining dollar, and inflation
in China, not by expansion of the money supply.
Earl
-----Original Message-----
From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On
Behalf Of Ben
Sent: Saturday, March 01, 2008 3:41 PM
To: realtraders@xxxxxxxxxxxxxxx
Cc: TimeandCycles@xxxxxxxxxxxxxxx; vincenn
Subject: [RT] m2 monet supply
I gues fed is REALLY afraid here
look at last 8 weeks or m2
Money Supply
The chart below has bee provided by Gordon Harms.
M2 has moved above its already elevated growth rate of the past year
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