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


To: orkrious who wrote (106557)12/5/2009 4:54:09 PM
From: bart134 Recommendations  Read Replies (1) | Respond to of 110194
 
Thanks Ork, very kind of you to comment that way.

Between various family and health and relocation issues, plus having hit it hard for years without significant time off, I was really burnt out... and still am to an extent.

I haven't done much research for months, but I did get a wild hair about a month ago and reconstructed the old "L" money supply that seems to have been discontinued by the Fed around 1998. It's basically M3 plus savings bonds, comm'l paper and T-Bills - and to my mind isn't terribly useful (except perhaps for the deflationary crowd <g>).



But when I add in T-Bonds, T-Notes and TIPS so that it more fairly reflects all Treasuries activity (I've dubbed it "L+") it gets more interesting... and if I added in Agencies bought by the Fed (just under $1 trillion so far as you likely know) it would get almost explosive. <g>



M3, for comparison: