With our dear monetary leaders only two days away from bestowing upon
us their latest financial wizardry, we should be aware of the money
supply dynamics in play. This week FOMC will either ramp the production
of printed money, hang back and play coy while letting the existing $40
billion in MBS carry the load or heaven forbid, talk in some sort of
austere manner in a bizarre game of brinksmanship.
Money Supply Discussion From NFTRH 215:
Moving on, here is how one money supply indicator got it wrong…