ajtj99's Market Pulse

[Lone Ranger]

chain,

some good points made. it depends on what you buy.

((If M2 grows at 10%/year, this is a decrease in the purchasing power of money and, therefore, inflation by definition. During the last few years this money went into housing. I agree with you re "inflation" of the housing market. Not only does it pisses me off - it poses big danger for US economy. ))

According to my info the Federal Reserve has been decreasing the rate of growth of the money aggregates recently and according to Brinker year over year growth in M-2 for the latest month was only 1.8%.