Qualcomm Incorporated (QCOM) 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.

Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.81

0.0%

Dec 26 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Asterisk who wrote (13150)	7/30/1998 7:53:00 PM
From: John Cuthbertson	Read Replies (1) of 152472

OT: Michael and Jon, About that money supply chart that Jon posted (nice link by the way): there is no "M11" or "M33;" those should be read as M1(1), where the (1) refers to footnote number 1 further down the page, which gives you the definition of the M1 money supply measure. M1 - M3 are various measures of the money supply going from narrower to broader. Jon, in an earlier post (to Ramsey, I think) you asked about how the Fed controls the money supply, other than through the discount rate. There are two other important tools that the Fed has. One is "open market operations," which consists of buying or selling Treasury bonds: if the Fed sells a T-bond for cash, the money supply is reduced by that amount. The other tool the Fed has is control of the required reserve ratio for banks, i.e. what percentage of their assets they have to keep on deposit with the Fed. The smaller the required reserve percentage, the more money banks can loan out, and bank lending is basically what generates the money supply in the economy. I hope this was somewhat helpful. I just had to study all this stuff for the CFA exam, so am just regurgitating. ;-) ==John

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next