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


To: mishedlo who wrote (75039)2/21/2008 5:27:52 PM
From: Mike Johnston  Read Replies (1) | Respond to of 116555
 
"The Rise in M2 and M3 is from people rushing into savings accounts"

That is real smart.
They were buying 2-room tool sheds in CA for $700K and now they are "rushing" into 4% savings accounts in time of double digit inflation.

-g-