#67. To: war (#48) Keep hiding behind the bozo, bozo. (laughing) You've always been a world class pussy. Badeye posted on 2010-01-14 16:12:48 ET Reply Trace
M1, i.e, demand account money, is only as good as its velocity...M2 and M3 are more important.
#67. To: war (#48) Keep hiding behind the bozo, bozo. (laughing) You've always been a world class pussy. Badeye posted on 2010-01-14 16:12:48 ET Reply Trace
The FOMC stopped using it as a predictive tool. I pointed out back in the mid90's that M3 was useless because Greenspan was more interested in manipulating currency in demand, which he kept at bare bones and that act had a lot to do with why derivative credit sources were created.
#67. To: war (#48) Keep hiding behind the bozo, bozo. (laughing) You've always been a world class pussy. Badeye posted on 2010-01-14 16:12:48 ET Reply Trace