Saturday, December 03, 2005

GREENSPAN going out in style

Broad money supply (M3) surged $42.7 billion (week of November 21) to a record $10.114 Trillion. Over the past 27 weeks, M3 has inflated $489 billion, or 9.8% annualized.

SOB!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! this phantom wealth printing press seems to NEVER STOP!!!!!!!!! in front of surging assets.......since 2000 top there has been and not even since FED began raising FED funds.....ANY real tightening or restraint.

The FEd has engineered the destruction of our economy and monetary value.


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