RegardsTotalFedCredit:Posted by: basserdan
In reply to: federal reserves who wrote msg# 531311 Date:1/31/2007 6:45:18 PM
Post #of 531400
With Every Downtick
By: Richard Daughty, The Mogambo Guru
- The Daily Reckoning
Wednesday, 31 January 2007
-- On behalf of those of us who demonically persist in pointing out the sheer inflationary horror of what is happening with the Federal Reserve, the banks and the money supply, I want to commend Barron's for restoring their reporting of the Federal Reserve and bank data. On behalf of a grateful America, I say "thank you!"
And since we are talking about it, and since that is all I seem to talk about, I will note that Total Fed Credit, the fabled fountainhead from which springs forth, literally, money from thin freaking air (by creating credit, which creates debt, which creates the money, which inflates the money supply, which causes price inflation), has slowed its rate of growth, and last week actually showed a decline in Total Fed Credit of $8.9 billion.
Continued at:
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