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Pastimes : All Clowns Must Be Destroyed

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To: Activatecard who wrote (31500)5/5/2000 4:08:00 PM
From: pater tenebrarum  Read Replies (2) of 42523
 
i am using only the Fed's official published data. i just heard this guy on CNBC say that commercial bank credit is slowing down. nothing could be further from the truth! it is EXPLODING to be precise:

stls.frb.org

also i frequently hear allusions to the monetary base...that's completely useless information in terms of the overall money supply growth, as it only relates to vault cash and currency in circulation. all the Fed has done is remove the excess vault cash that they thought might be withdrawn ahead of y2k. otherwise they are priming the pump like NEVER BEFORE!

so don't let the talking heads on CNBS tell you otherwise. that's just propaganda spin, nothing else.
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