Sunday, December 18

Fed Abandons M3: what's up with that?

John Williams, at, has some suspicions about the central bank's ending its publication of the broad monetary aggregate M3. What are they trying to hide?

Sean Corrigan over at the blog takes an even bigger swing at it, foreseeing dire straits for the dollar and consequently much higher rates for the long bond.

On a separate note, here's a monthly 5 year chart of the anti-dollar, i.e., gold:

No comments: