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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Square_Dealings who wrote (16358)11/19/2004 9:26:12 PM
From: studdog  Read Replies (4) of 116555
 
Can anyone enlighten me concerning the drop in money supply alluded to by Marc Faber? This little fact seems to fly in the face of much that is suggested here and elsewhere regarding the value of the dollar. As I understand it, much of the criticism levied toward Greenspan is because of his "easy money" policy, which has "flooded" the world with greenbacks, ultimately leading to the dollar's collapse. But Faber refers to the fact that the money supply is actually contracting. What am I missing?

Thanks

Karl
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