[AndyJackson]

you didn't point the blame squarely where it belongs: the Fed.

You can explain your position to Toddsterpatriot and groanup. Standby for a blast of denial that the Fed has anything to do with the money suppy. It is their thesis, not mine, and I will let them defend it.

[Toddsterpatriot]

Standby for a blast of denial that the Fed has anything to do with the money suppy.

More like a denial that Andy understands the Fed or money supply.

[groanup]

Standby for a blast of denial that the Fed has anything to do with the money suppy.

Since you felt a need to include me in that post I'll ask you to show me where I said that.

[palmer]

Toddster would argue that the Fed doesn’t set rates, the market does. True to an extent; 1 and 3 month rates have been dropping so the Fed is responding. But a big part of the reason the 1 and 3 month rates dropped is the anticipation that the Fed would lower their short term targets.