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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: patron_anejo_por_favor who wrote (249641)7/11/2003 5:34:49 PM
From: orkrious  Read Replies (3) of 436258
 
New horror flick at the cinema: "The Challenger Disaster, redux" Starring the MZM players (Greenboink, McSteer, Bernankracke and headliner Franklinstein Raines!):

Richard Russell noticed that too. He starts tonight with:

July 11, 2003 -- I've been looking at financial statistics for half a century, so I seldom gasp when I see a new figure. But I gasped today when I saw the latest statistic on the broad M-3 money supply. For the week ended June 20, M-3 exploded to the tune of $63.1 billion. Adding that to the two previous weeks of $20 billion each, and you have a bit over $100 billion added to M-3 over the last three weeks. That's at an annualized rate of around $1.7 trillion. Greenspan must be in a panic, because he's opening the liqudity-spigot wide and then some.

I must be the only jerk who still follows the money supply figurers. Or are the figures just too "embarrassing" for others to mention?

What's behind the veritably explosion in the US money supply? The answer is that Greenspan obviously believe that deflation is a continuing threat. So let's face it, the creation of money in the US has gone totally wild.

And Greenie could be right. Today the latest figures on the Producer Price Index was released. The "core" rate was down 0.1% -- this was the second "unexpected" decline in the last three months.
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