Mish's Global Economic Trend Analysis Message Board

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

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To: SouthFloridaGuy who wrote (74978)	2/21/2008 4:26:22 PM
From: Mike Johnston	Read Replies (2) of 116555

The money supply is rising at $50 billion per week. Even lowly M2 went up by $33B in the last reporting week. So where is the deflation that everybody is calling for ? Where ? IMO the odds of money supply ever going down in a big way are 0. Should I get excited about about a lowly $5 billion bank or SIV loss here or there, while total money supply is out of control ? I am not excited. Can anybody show me any deflation after all this years ? - show me crude oil at $40/barrel - show me M2 money supply going down to 6 trillion or lower ( it is 7.6 right now ) - show me food prices at my local market going down to where they were 3 years ago - show me gold going down to $500 - show me nominal house prices going down 70-80% from the peak - show me a $200 billion corporate or bank loss - show me the dollar going back to parity with the euro - show me gasoline going back down to a buck - show me CPI at -6% ( which would equal -1% true inflation rate) - show me the Dow at 5,000 Good luck waiting !

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