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


To: Elroy Jetson who wrote (16431)11/21/2004 11:19:54 AM
From: mishedlo  Read Replies (1) | Respond to of 116555
 
This view looks much different Elroy
Had it not been for a war or re-election stimulus it would likely be headed down.

getting harder and harder and harder to keep money supply growing IMO

I want to see a chart of Money AMS in real terms and just sent both Frank and mises emails
economagic.com



To: Elroy Jetson who wrote (16431)11/22/2004 2:58:28 AM
From: Taikun  Read Replies (1) | Respond to of 116555
 
Here is Faber's comments:

Against the Canadian dollar the US dollar has, so far in 2004, lost 6% but just about 2% against the Euro and it has actually gained against the Australian dollar and the Mexican peso. Therefore, it would be premature to speak about a “dollar crisis” for now. I agree that in the long run the US dollar is a doomed currency, but against what? I cannot see any great value in the Euro, but I still like Asian currencies such as the Singapore dollar, and of course gold and silver , since they are currencies, for which the supply cannot be increased by some intellectually totally corrupt central bankers whose monetary policies will ensure the complete loss of paper money's purchasing power sometime in the future. Concerning the US dollar, much further weakness would somewhat surprise me because, as can be seen from figure 2, US money supply has not been growing much since the month of May of this year.

Figure 2:

(this is MZM)