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


To: mishedlo who wrote (76687)3/22/2008 11:44:13 PM
From: Claude Cormier  Respond to of 116555
 
So at this rate, that would means M3 growing at a rate of almost $2 trillion a year. That should well exceed whatever debt repudiations and downward revaluations we had in 2007 and 2008 so far..and more. In that context, deflation can't be there yet. Will it be there ever???



To: mishedlo who wrote (76687)3/23/2008 11:05:14 PM
From: rudyt  Read Replies (1) | Respond to of 116555
 
Below is an exchange between Claude and Mish in January.
Mish do you still believe the Fed "cannot provide capital" or do what ever it wants,when it wants and how much(money creating)it wants?

"But the Fed has the power to stimulate this ability".

Nope.
The Fed cannot create jobs.
Nor can the Fed provide capital to capital impaired banks.

Mish

Rudyt