San Jose, CA
Followed by 0
Ignored by 1
In United States
Registered May 19, 2011
tdeloco's most recent comments:
- On 24 Aug 2012
Nearly 4 million Californians cannot afford enough food,
- On 2 Aug 2012
Happy $10 Trillion Day,
Why the M2 Growth Spurt? (John B Taylor)
Based on a scan through the release, it looks to me like demand deposits and savings deposits at banks are the two components of M2 that are most responsible for the recent increase in M2.
As such, M2 Multiplier is moving in the opposite direction of the monetary base in lock-step fashion.
M2: M1 + most savings accounts, money market accounts, retail money market mutual funds, and small denomination time deposits (certificates of deposit of under $100,000).
M2 does not represent most of the debt. Perhaps M3, which is estimated at over $50T.
- On 19 Jul 2012
So then what is the state of the EU?,
Demographics is the big picture, not the economic tides.
Yes for the long term; about 2 decades or more. But for the next 15 years, this won't matter.
In terms of the economy, they just keep kicking the can down the road, and I think they can only keep this up for a few more years (maybe 5?). The dam will break much sooner than most people think, and that is a big concern.
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