Last blog I talked about the 'coincidence' that the Fed has slowed M3 growth or even contracted M3 prior to the 2010 and now 2012 elections. If the hypothesis is right, and it is not past the window of opportunity to affect the 2012 election (for better or worse), then the Fed should be focussing on healing the economy and for the next 6-12 months we will see M3 expanding. A real-life test, where we don't know the outcome in advance!! But let's hope we are right, and that it is not something disfuncti
James F OehmkeMy biases are socially liberal and fiscally conservative, but I try to present objective economic analysis and interpretation in my blog. ArchivesJune 2012 Categories |
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