26 September 2008

Fed Puts Pedal to the Metal - Adjusted Monetary Base Rises at Record Levels

It will be interesting to see how the lagged effects of this begin to exhibit in the broader monetary supply measures over time.

Recall that after each of these spikes in the adjusted monetary base there was a resultant bubble in techs and then in housing. Will there be another bubble? Where will it be?

And the presses go rolling along....