enthalpy

enthalpy

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The truth shall set you free, but first it's going to piss you off

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Sunday, July 13, 2008

Posted 7/13/2008 05:21:00 PM by Douglas

So why is the FED no longer reporting the M3? Of course, according to them, they don't
have to

M3 does not appear to convey any additional information about economic activity that is not already embodied in M2 and has not played a role in the monetary policy process for many years. Consequently, the Board judged that the costs of collecting the underlying data and publishing M3 outweigh the benefits.

So the FED is devaluing the dollar faster than the printers can crank out the dollars, yet since this looks bad, real bad, indicating inflation not even seen in the 1970s, the best approach to dealing with it? Stop reporting it.

It's really sad that Bam-bama is going to be the one blamed for the next depression.

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