Thursday, January 13, 2005

A Picture is Worth "Failed Policies"

http://www.economagic.com/em-cgi/charter.exe/var/vel-gdp-per-m3 Velocity of money has FAILED to catch fire...or damn nor even a cold! WHAT Recovery?

http://www.martincapital.com/chart-pgs/CH_monsp.HTM Look at this pathetic chart,where IS the BEEF?!

http://www.martincapital.com/chart-pgs/CH_conco.HTM WHat's wrong with the consumer?

And finally, thanks to ST louis Fed ADJUSTED MONETARY BASE
http://research.stlouisfed.org/publications/usfd/page3.pdf

AGAIN, I ask what is wrong, why has stimulus policies failed?

Now because of China and commoditiies, itseems on one hand we have INFLATION, but the action of the monetary base and velocity lead me to believe that DEFLATION is what we should FEAR the most......it tells me this is liken to a BLACK HOLE.

I don't give warnings, advise caution, and for me remain on sidelines for no good reason.

Duratek

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