Wednesday, November 24, 2010

Paging Paul Krugman 9: CME Reports Major Increases in Trading Volume

The CME thumbs:
November volume to date is now 13,978,100 contracts per day [in the metals complex], up 29% over November last year.
Hey Paul, don't you econometricians consider this a likely sign of increasing money velocity? Isn't that inflationary?

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