Friday, November 20, 2009

Adjusted Monetary Base

FRED Graph

Yesterday RM noted that the monetary base is on a skyward trajectory once again, as the chart above shows ( The official reason being to boost the economy. RM's question was if all they have to do is print money to boost the economy, why was TARP needed a year ago. We agreed that it is all smoke & mirrors. This does not look good for the economy.

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