From "The Daily Telegraph":
The M3 money supply in the United States is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933, despite near zero interest rates and the biggest fiscal blitz in history.
The M3 figures - which include broad range of bank accounts and are tracked by British and European monetarists for warning signals about the direction of the US economy a year or so in advance - began shrinking last summer. The pace has since quickened."
More at:
US money supply plunges at 1930s pace as Obama eyes fresh stimulus - Telegraph
I am pursuing my personal reduce expenditure and debt plan. I think we're in for a rough ride in the next few years.
US money supply plunges at 1930s pace.
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Bill Sikes
- Posts: 5515
- Joined: Fri Aug 20, 2004 2:21 am
US money supply plunges at 1930s pace.
Bill Sikes;1312472 wrote: From "The Daily Telegraph":
The M3 money supply in the United States is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933, despite near zero interest rates and the biggest fiscal blitz in history.
The M3 figures - which include broad range of bank accounts and are tracked by British and European monetarists for warning signals about the direction of the US economy a year or so in advance - began shrinking last summer. The pace has since quickened."
More at:
US money supply plunges at 1930s pace as Obama eyes fresh stimulus - Telegraph
I am pursuing my personal reduce expenditure and debt plan. I think we're in for a rough ride in the next few years.
Interesting article, thanks.
The M3 money supply in the United States is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933, despite near zero interest rates and the biggest fiscal blitz in history.
The M3 figures - which include broad range of bank accounts and are tracked by British and European monetarists for warning signals about the direction of the US economy a year or so in advance - began shrinking last summer. The pace has since quickened."
More at:
US money supply plunges at 1930s pace as Obama eyes fresh stimulus - Telegraph
I am pursuing my personal reduce expenditure and debt plan. I think we're in for a rough ride in the next few years.
Interesting article, thanks.
-
Bill Sikes
- Posts: 5515
- Joined: Fri Aug 20, 2004 2:21 am
US money supply plunges at 1930s pace.
Pfft, well *that* went down like a lead balloon. Now I have an inkling of what Coverst must feel from time to time.
US money supply plunges at 1930s pace.
Bill Sikes;1312628 wrote: Pfft, well *that* went down like a lead balloon. Now I have an inkling of what Coverst must feel from time to time.
I suspect they are all withdrawing their money from the Bank
I suspect they are all withdrawing their money from the Bank
I thought I knew more than this until I opened my mouth