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To: jrhana who wrote (22776)10/24/2003 9:59:53 AM
From: austrieconomist  Read Replies (1) | Respond to of 39344
 
MZM "growth" for two months now negative (-3%):

research.stlouisfed.org

Bows to Russ and his wonderful American Credit Bubble thread that include this BCA Research on the ties of refinancing activity to the money supply measures:

bcaresearch.com

Fed will have to monetize debt at frantic pace to offset the drain. Have not shown a willingness to do that to date. Best bet, a collapsing debt structure, not too far off. The election might be too far.