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John Mauldin is claiming that a lot of commodity inflation
is due to
the production of ethenol, whereby corn is being
subsidized. I
wonder what M3 is estimated to be; maybe 11-12% growth?
chas
-----
On Sat, 1 Mar 2008 16:40:04 -0700
"EAdamy" <eadamy@xxxxxxxxxxxx> wrote:
> 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
>
> No virus found in this outgoing message
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>
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