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Non-Tech : Money Supply & The Federal Reserve -- Ignore unavailable to you. Want to Upgrade?


To: Cogito Ergo Sum who wrote (1043)9/20/2003 11:35:56 PM
From: Hope Praytochange  Read Replies (1) | Respond to of 1379
 
<<<"M2 fell $4.1B for the week end 9/8, but M3 rose $11.5B (Fed and central
bank debt buying?). The M2 chart shows the biggest decline since just
after 9/11. There is no comparable decline in the past 12 years.

"It's only one week, but Fed 'free reserves' for the 2 weeks ended 9/17
fell to a meager $790m. We cannot recall the last time Easy Al allowed
free reserves to fall under $1B! The previous 5 reports for 'free
reserves' are: $2.051B (9/3), $5.148B (8/20), $2.012B (8/6) and $2.098B
(7/9). The monetary base fell $3.547B (9/17). Is Easy Al quietly
tightening? The summer bond collapse is a seminal event, a revolt against
Fed largesse.>>>

frontlinethoughts.com

A Considerable Predicament
Where is that Crystal Ball When You Need It?
Is Greenspan Secretly Tightening?
My Personal Business Guru
New Orleans, Chicago, New York

By John Mauldin
September 19, 2003