Unpleasant Trend - Fed Counters By Stopping Release of M3 Money Supply Data

The Prudent Investor ^ | November 12, 2005

[vrwc0915]

polyanna

[KarlInOhio]

What will be next? Discontinuation of industrial production figures below zero? The consumer price index (CPI) being treated as a national secret once it rises above 5% despite all hedonic adjustments? Torture threats against people insisting to get the whole picture?

Rounding up Keynesians and shipping them to Gitmo.

[vrwc0915]

ping

[CROSSHIGHWAYMAN]

Looks likes the terrorists are winning.

Americans always overreact.......bankrupting the country.

Future wars will be fought from home ........push the nuke button.

[vrwc0915]

I am not sure I understand your reply:

"Looks likes the terrorists are winning. Americans always overreact.......bankrupting the country. Future wars will be fought from home ........push the nuke button. "

[Huck]

Did you forget to tell everyone to buy gold?

[carl in alaska]

Who is the author?

[1rudeboy]

Buy SPAM, more likely.

[CROSSHIGHWAYMAN]

I am not sure I understand your reply:

It's as crystal clear as your tag line.

[massadvj]

No prudent investor will navigate his funds through a foggy world but lie at anchor below a clear sky, meaning: elsewhere.

Key question. Where is "elsewhere?" The US economy is the best bet in the world, which is why we can have so much debt at so low interest. Yes, we've been spending like slightly inebriated sailors, but it turns out the Europeans and the Japanese have been spending like drunken sailors and have far less in the way of GDP growth to show for it. You could go to China or India in search of growth, but if you are looking for monetary stability, forget about it. You have to come right back here. Which is why we have no trouble auctioning off government debt by the trillions to foreign investors.

If you would prefer that your country's investments were less attractive to foreign capital, you could always move to Europe or Canada. The world is betting AGAINST them. I don't see any great advantage, given their double-digit unemployment and 50% GDP in government spending.

The prudent thing now is what it has always been. Diversify. Don't own cash, except what you need for your short-term needs. Own some bonds, some stock, some real estate, some gold, some investment-grade antiques. And avoid debt for anything except the acquisition of appreciating assets with positive cash flows. Then sleep well as the alarmists keep publishing the same tired charts they've been publishing for decades.

Remember, up until now every optimist in history has been right. Now place your bets.

[Travis McGee]

Thank goodness that Helicopter Ben, an Ivy League academic, is now the Fed chairman. We're in good hands.

"If recession should threaten serious consequences for business (as is not indicated at present) there is little doubt that the Federal Reserve System would take steps to ease the money market, and so check the movement." ----Harvard Economic Society, October 19, 1929

Face it, NOBODY knows "easing the money market" like Helicopter Ben, the Printing Press Man!

[Travis McGee]

Did you forget to tell everyone to buy gold?

No, thousands of years of hard economic reality are now making that case plainly enough.

The current ratio is now under 20. A blind man can spot what is coming next.

[the gillman@blacklagoon.com]

It's not time yet.

It's coming, but not yet. A few more pieces to put in place.

Make hay while the sun shines.

[Matchett-PI]

Fear, Complexity, & Environmental Management in the 21st Century
http://www.michaelcrichton.com/speeches/complexity/complexity.html

*
Culture of Fear
Reason ^ | February 17, 2006 | Ronald Bailey
Posted on 02/20/2006 2:08:56 PM EST by neverdem
http://www.freerepublic.com/focus/f-news/1582266/posts

[A. Pole]

the Fed put out a short, flat notice last Thursday, saying that it will discontinue publication of M3 figures after March 2006

Will it be available from other sources?

[CodeToad]

Not releasing M3 on the excuse that no one uses it is a false statement. Many people use it. The feds just stopped using it because it makes the financial situation look bad.

[B4Ranch]

ping

[Travis McGee]

This reminds me of Soviet statistics.

[CodeToad]

Secrecy is the killer of nations.

[carl in alaska]

I have to tell you that as a financial professional and an MBA, I am not impressed with that blog, "The Prudent Investor." Anyone can start a blog these days, but that doesn't mean they know what they're talking about.