Monday, September 15, 2008

Is No One But Me Watching The Fed?

Markets are crashing and talk across the board is of the various steps the Treasury, the Fed and the SEC are taking, BUT the one step that would reverse things is not occurring, and is not being discussed.

Federal Reserve M2 money supply growth dropped again last week. Three month annualized growth is at 1.5%. In March M2 was growing at an annualized rate of 12.5%.

There will be no end to the crisis anytime soon with the Fed maintaining its near zero growth money stance.

-Robert Wenzel

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