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

To: mishedlo who wrote (16550)11/22/2004 4:12:59 PM
From: Elroy Jetson  Respond to of 116555
 
I don't know why Kasriel would prefer M2, which excludes Jumbo CDs of $100k and larger. Thus all of my CDs are excluded from M2, but I can't think why my savings shouldn't count as money. Perhaps Kasriel knows I'm very unlikely to spend it.

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Here's his "explanation" for using M2 which doesn't explain much. "Real Money Supply What it is: What the Fed calls the M2 money supply"

northernfunds.com

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Here's an example when he was using M3.

ntrs.com

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