Actually ,, they are raising it for
borrowers,
but for me the depositor,, they lowered
it
just add up my interest income for last
year
and compared it to 2006
got less,, for a bigger deposit
Ben
----- Original Message -----
Sent: Saturday, March 01, 2008 7:47
PM
Subject: Re: [RT] m2 monet supply
The Fed is lowering interest rates and the
lending institutions are raising rates.
----- Original Message -----
Sent: Saturday, March 01, 2008 3:40
PM
Subject: RE: [RT] m2 monet
supply
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@yahoogroups.com
[mailto:realtraders@yahoogroups.com]
On
Behalf Of Ben
Sent: Saturday, March 01, 2008 3:41 PM
To: realtraders@yahoogroups.com
Cc:
TimeandCycles@yahoogroups.com;
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
Checked by PC Tools AntiVirus (4.0.0.25 -
10.063.001).
http://www.pctools.com/free-antivirus/
No virus found in this incoming message
Checked by
PC Tools AntiVirus (4.0.0.25 - 10.063.001).
http://www.pctools.com/free-antivirus/