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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (41041)11/6/2003 9:44:05 PM
From: AC Flyer  Read Replies (1) of 74559
 
Mq:

The estimable Uncle Al KBE has taken his foot off the monetary gas pedal in the last few weeks. The US money supply is contracting. Once again, the wise and all-knowing Uncle Al shows complete mastery of the US's financial machinery.

U.S. M-2 money supply down $12.8 bln Oct 27 week
forbes.com

Meanwhile, the profligate Chinese Central Bank is throwing caution to the winds with reckless and irresponsible debasement of the renminbi. Maybe they need a few lessons in financial probity from the Chairman of the Federal Reserve Board of Governors.
China end-September money supply up 20.7 pct yr/yr
reuters.com

And the result is predictable - foreign central banks can't get enough of the stable and admirably well-managed greenback.
Foreign central banks still hungry for U.S. debt
reuters.com
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