SI
SI
discoversearch

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.
Gold/Mining/Energy : At a bottom now for gold?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: paul ross who wrote (1730)9/28/1998 8:42:00 PM
From: ahhaha  Read Replies (1) of 1911
 
M3 is a distorted measure. The important ones are M2 and L. However they aren't as important as the monetary base. Base growth is closely related to the RP free float and outright NY Fed open market purchases of gov. securities. Both have been progressively rising. These actions are somewhat independent of interest rate ad hoc posting, i.e., nominal targeting. Its becomes non-nominal when the market moves the rate away from the target but the NY Fed attempts to support its synthetic rate by countervailing securities transactions. I might add that C&I loans are finally showing some significant increases. This will mean that any FED re-posting at a lower fed funds rate is going to take quite a lot of reserve creation to hold the rate down, since now we are in a regime of rising demand for loanable funds.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News