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Friday, March 24, 2006

M3 - There Is Always A Funny Side To A Sad Story


click picture above to enlarge Posted by Picasa
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While the world is still waiting for an explanation why the Fed has decided to discontinue the publication of the broadest monetary aggregate a reader mailed this poster of a new, scary horror movie in the making.
 
Of note is also this email from a member of the banking community who points out that M2 will show exploding money supply growth with a time-lag only. Get ready for $52 Grande Mochas at your Starbucks by the time you retire.
 
I was on vacation, and did not get the notice until last night. I was shocked by the discontinuance of these numbers.
"Looking back into history economic data was only kept a secret in failing economies, e.g. the Soviet Union."
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