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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (4392)	4/15/2004 11:35:26 AM
From: isopatch	Read Replies (1) \| Respond to of 116555

Very Important: FED is FINALLY easing off on the strangle hold it had on the growth rate in the monetary aggregates during the 2nd half of last year. Lets look at the charts, starting with the ST float where a pattern of higher lows and higher highs is developing: bullandbearwise.com Going out to the longer period 3 month chart, we see the choke hold reached it's extreme right at the end of last year and it's been <pedal to the metal> ever since. martincapital.com So much for a <steady hand> on the tiller at our central bank. This is the most manic/depressive FED policy is U.S. history!! Now to our longest period chart. The one year growth rate in the monetary aggregates: martincapital.com Only a wiggle, so far. But again, want to emphasize we are still early in this policy change toward ease. So bank on (sorry for the pun:)) this to spike up nicely into the Summer. martincapital.com Being the political hack that he is, Greensputin is in the process of engineering a strong stock market rally into the Nov election. This is my most important prediction for 2004. Feel free to bookmark it. Then you can womp on me in August if I'm wrong.<GGG> Cheers, and ROCK ON! Isopatch