- advertisements -
move along... nothing to see here...
An awful lot of negative interest being earned out there.
The great moderation is here!
Meanwhile, gold is up $70-ish per ounce over the past 24 hours (currrently at $1864.80).
We won't need wheelbarrows for long, as I'm sure there are already plans to make higher denomination U.S. notes.
When you think about it, $100 bills are the largest notes used in the U.S. for quite a while. Even though there were
$1000 notes and $500 notes issued up until the 1934 series, they were not widely used and disappeared from circulation
by the early 1970's. $100 notes have been widely used in the U.S. for over 100 years and have lost over 95% of their
purchasing power since then. If it wasn't for credit cards, $1000 notes would have been re-introduced long ago.
If the Fed continues it's monetization, we should be seeing $1000 notes before the end of the decade.
Hehehe, true. +1 !
The chart is a seismograph for inflation...
While it is true that M2 correlates somewhat to inflation, doesn't there have to be an aggregate demand? (this ain't the 70s when the boomers were buying everything in sight and corps were hamstrung with taxes and regulation) Plus, NAIRU usually suggests less correlation of Inflation to M2 when unemployment is high.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.