Mish's Global Economic Trend Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ild who wrote (6679)	5/18/2004 10:05:28 PM
From: orkrious	Read Replies (2) of 116555

What's the current crisis that has supposedly been the reason for the very significant upward rate of change growth in M1? Somehow, we just can't seem to come up with even a semi-intelligent guess. this from lance lewis tonight: dailymarketsummary.com Lastly, I’ve received quite a few emails from readers pointing out the big jump in M3 over the past several weeks. After discussing this with a friend, he pointed out that this jump was in the seasonally adjusted data and not the real data, where money growth is basically flat. In fact, M1 is the only measure that is actually growing in real terms, and that probably shows increasing risk aversion. So, I just throw that out there as food for thought for all those who might be under the misconception that the Fed is injecting enormous amounts of liquidity into the system at the moment. The data suggests that’s simply not the case, or at the very least, any liquidity that the Fed is injecting into the system is probably being overwhelmed by the contraction underway in the mortgage arena due to rising interest rates.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next