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EScroogeJr (< 20)

Bernanke has printed enough?



May 15, 2008 – Comments (2)

 New data from the Fed suggest that Bernanke is now trying to keep inflation under 10%.  Year-on-year increase in M2 is now 6.5%. Tthe annulized percent change during the last 6 month is slightly down to  8.3%. The figure for the last 3 months is 10.7%. This is way better than last month's 7.0%, 8.6% and 12.5%. Thanks, Mr. Bernanke, we'are not turning into Zimbabwe yet (though we'are still mightily close). The only troubling thing is that M3 is still growing 20% a year, so I suggest that you do something about this number. How about introducing some of hedonic adjustment? The graph below looks outright ugly.


2 Comments – Post Your Own

#1) On May 15, 2008 at 9:14 PM, FourthAxis (< 20) wrote:

I keep telling people over and over...I don't care if it's money supply, credit supply or inflation....anything "targeted" to a % leads to EXPONENTIAL GROWTH!!!

THE CHART WILL BECOME A PARABOLA....and we've all seen the the wrong end of that chart. 

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#2) On May 15, 2008 at 10:01 PM, abitare (29.95) wrote:

good link

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