EXCUSES

NEW YORK - Now that America's savings rate has been negative for an entire year, a first since the Great Depression, the question is whether we're a spendthrift nation on its way to the poor house or whether we're looking at the wrong numbers when we calculate savings


http://news.yahoo.com/s/ap/20060304/ap_on_bi_ge/wall___main_1

The personal savings rate used to be 10 percent of disposable income from 1974 to 1984, according to the Bureau of Labor Statistics. It fell to 4.8 percent by 1994, and was negative for all of 2005.

http://www.naftemporiki.gr/markets/quotegraph.asp?id=.BADI&ctime=5Y&cperiodicity=W BDI 5 yr



http://research.stlouisfed.org/publications/usfd/page3.pdf zippity do da adj money



Doug Noland

March 2 – Dow Jones (Christine Richard): “A flood of foreign capital into U.S. dollar-denominated debt has some in the corporate bond market worried that the market's aversion to risk is getting washed away.

February 27 – Bloomberg (Darrell Hassler and Prashant Rao): “U.S. Treasury investors are more complacent about the prospect of an economic shock causing volatility in the $4.2 trillion market than at any time in at least 17 years.”

Broad money supply (M3) surged $54.1 billion to a record $10.335 Trillion (week of Feb. 20). Year-to-date, M3 has expanded at an 8.0% annualized rate. Over 52 weeks, M3 grew 8.5%, with M3-less Money Funds up 8.8%. *(HOLY CRAP!)

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