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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (3583)12/18/2003 1:32:41 PM
From: ild  Read Replies (1) of 110194
 
Date: Thu Dec 18 2003 13:20
trotsky (a little tidbit for the inflationists) ID#377387:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
the recent decline in the broad money measure M3 is the LARGEST PERCENTAGE DECLINE in this measure in 59 YEARS.
so much for 'the Fed can print as much money as it likes' - yes it can, in theory, but obviously it has little control over the actual money supply anyway. that depends on the willingness of borrowers to borrow, and the willingness of lenders to lend. and from the above, it appears that the credit bubble is beginning to deflate - one of the essential ingredients of a deflationary era.
is that the long bond yield i see trading back below 5% again today? why, yes, it is!
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