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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Win-Lose-Draw who wrote (45412)	11/14/2005 1:00:54 AM
From: mishedlo	Read Replies (1) \| Respond to of 110194

I agree that M3 is pretty useless in and of itself but I am still suspicious of its removal with no explanation as to why. Mish

To: Win-Lose-Draw who wrote (45412)	11/14/2005 1:30:58 AM
From: Elroy Jetson	Read Replies (2) \| Respond to of 110194

Utter nonsense. When the Fed bails Fannie Mae out with a $1 trillion interest rate swap, that will show up in M3 but not M2, M1 or MZM. All of the container loads of new $100 bills the U.S. is spending in Iraq will show up in M3 as soon as they are deposited in a foreign bank - but will not show up in MZM, M1, or M2 unless the money comes back to our domestic economy. Perhaps you should wonder why even U.S. based contractors are being paid with suitcases of $100 bills, when they would prefer the payments be made by direct deposit to their U.S. account. .