Sunday, October 26, 2008

"To the moon Alice!"

And speaking of sucking, how about this chart? Check out that huge spike at the end -- as big as Greenspan's Y2K money supply surge.

Adjusted_monetary_base_annual_rate

There is an inflationary spike somewhere out there, once we get through this massive deflationary period.

Here is the longer term view:

Adjusted_monetary_base

And M1

M1

Notice how this spike dwarfs 2001 post 9/11

Adjusted_reserves



Source:
Monetary Trends 
Research Division of the Federal Reserve Bank of St. Louis
November 2008
http://research.stlouisfed.org/publications/mt/20081101/mtpub.pdf

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