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To: rb22982
M3 as stated on that website is at 18% just in the past three months due to Fed temporary open market operations (repos). Hopefully credit conditions will stabilize but they appear to be flaring up again in the past few weeks with more announced writeoffs in the billions.

Let's hope that the Fed will not have to go to more permanent open market ops.

145 posted on 11/21/2007 6:01:41 AM PST by jrsmc
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To: jrsmc

M3 isn’t the best judge of inflation. It’s but one measure.


146 posted on 11/21/2007 6:04:10 AM PST by rb22982
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