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

To: pogohere who wrote (99850)	11/24/2008 11:16:14 AM
From: bart13	Read Replies (1) \| Respond to of 110194

Amen on the M1/base velocity ratio, it's almost useless as a guide with the Fed having almost doubled base in the last two months. That's partly why I pointed out the GDP/M3 pattern and lag. Truth on the custodial change too, momentum is unquestionably slowing down on a short term basis. Here's another chart with both long term usefulness but its always 4-6 months behind: Great data in that link too, I stole it for my archives. <g> And your points about money and what it is and isn't, and how blinders about actual history can be dangerous, is extremely well taken. Not to pick on Austrians specifically, since all schools have problems, but their odd ideas about money (money transferred from a brokerage account into a checking account is money but not when its transferred into a money market account) is just one example.