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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: shades who wrote (57176)3/31/2006 1:02:02 AM
From: John Vosilla  Read Replies (2) of 110194
 
"M3 does not appear to convey any additional information about economic activity that is not already embodied in M2 and has not played a role in the monetary policy process for many years. Consequently, the Board judged that the costs of collecting the underlying data and publishing M3 outweigh the benefits."

Since when does anyone in DC care about what something costs?

A Bush crony will say or do anything though some are finally cutting ties on certain issues. Hearing Sean Hannidy rant on the illegal immigration problem might be a start. Perhaps other zombies like Kudlow and Cavuto finally see the light on at least some of the misguided policies the past five years and stop viewing the world as only red versus blue and conservative versus liberal.
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