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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (262176)	7/19/2010 8:06:52 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

this law was broken... Section 2a. Monetary Policy Objectives The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall maintain long run growth of the monetary and credit aggregates commensurate with the economy's long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates. [12 USC 225a. As added by act of November 16, 1977 (91 Stat. 1387) and amended by acts of October 27, 1978 (92 Stat. 1897); Aug. 23, 1988 (102 Stat. 1375); and Dec. 27, 2000 (114 Stat. 3028).] federalreserve.gov credit aggregates were taken parabolic to GDP (economy's realized potential). do you understand the meaning of the word "comensurate?" parabolic CONTRADICTS commensurate.