James F Oehmke
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Still no help from Bernanke

12/11/2011

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Money supply M3 fell this week after rising for a couple weeks.  A sustained recovery is not possible without sustained increases in the money supply.  Unless Bernanke has a sudden change of heart and starts caring about the economy, look for a long period of sluggish growth.  The current low growth won't affect the fourth quarter economy, but it will have effects down the road. 
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    James F Oehmke

    My biases are socially liberal and fiscally conservative, but I try to present objective economic analysis and interpretation in my blog.

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