View: Silver Coin Values
Not long ago, the plunge in the growth rate of the M3 money supply looked ominous - now it seems to be getting back on track (chart courtesy of NowAndFutures).
Tim,If I am reading this right, the recent drop was simply a decline in the rate of increase, i.e., down to 13% annual growth from 17%. That level of growth amid such monetary destruction (in absolute terms) is still impressive, isn't it? And if the previous growth dips are any indication, we can look forward to +18% growth in the coming months.
And again, if I'm reading the linked Bloomberg chart correctly . . .http://www.bloomberg.com/apps/cbuilder?ticker1=.TEDSP%3AIND. . . the TED spread is at 360 even with the bailout passing the House yesterday (slowly move the line all the way over to the right).By any definition wouldn't that indicate a SEIZED credit market? Am I missing something?
I would say that's frozen but... it's different this time ; )
Where can I learn how to read what this chart really means?
Dunno - you might start with Wikipedia
Thanks...I'll try the wikipedia. Wikipedia is usually not my preferred place for info as it is frequently incorrect when it comes to nitty gritty details.
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