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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: habitrail who wrote (3195)7/25/2002 5:37:53 AM
From: habitrail  Read Replies (1) | Respond to of 89467
 
where can I get a MZM chart?



To: habitrail who wrote (3195)7/25/2002 6:29:06 AM
From: habitrail  Respond to of 89467
 
The more I read this the more I think this guy's a shill.

His point seems to be "crazy mixed up money charts are scary, uncorrelated, and can say anything you want and are therefore meaningless scribbles that only vulgar, gold-loving, chart manipulators would use". Well, I may like gold but chart manipulator? It takes one to know one!

The setpiece of this article is the chart of m1,m2,m3 together, but instead of using the actual money supplies he is showing their rate of growth, which gets rid of one big message - a big, steaming-hot cup full of inflation.
economagic.com
economagic.com
economagic.com

Regarding correlation, since M1 is a subset of M2 is a subset of M3, and the fed has few knobs (but pulls them frequently), the three measures are of course correlated and its pretty lame to imply they aren't.

And putting them all in the same chart, normalized on a percent scale when M1 is, like, 8 times smaller than M3 is cheaper than a Chuck-E-Cheeze-token-lookin'-Squaw-faced-papoose-totin'-pretending-to-be-gold dollar coin.

For a laugh, read the reader comments on that article.