by Soft_Landing » Thu 15 Jul 2004, 23:47:16
$this->bbcode_second_pass_quote('pops', 'I') got about half way down the page. Could you snip or link to the “debunk” part. I’m more worried re; mortgage interest rate increases or other economic wobble in the near term than which conspiracy is the wackiest.
A little bit after half way down it reads...
snip
Can anyone confirm that what they state is accurate (M-3 increasing by 46.8 billion over the last week)? The fed site seems to be devoid of such information, and google has no idea what I'm talking about.
Is it hogwash from the get-go?
Yes ... weekly measurements don't mean much, as there are considerable fluctuations (especially in M3 - one of the broadest measures.) And for what its worth, M3 ... as of the end of April 2004 ... was around 9 trillion. In other words, an increase of 46.8B would be about one half of one percentage point (.005). M3 has been increasing fairly consistantly since around 1995. (It grew by 68B in April, and 97B in March).
[If you want to get down and geeky, here's a link to monthly measures of M1, M2, and M3 since 1959.]
This guy is straigt from the tinfoil brigade.
posted by MidasMulligan at 8:24 PM PST on June 2