Friday Open Thread | 86 comments (86 topical, editorial, 0 hidden)

Re: Calling all polymaths (4.00 / 3)

what galls me is that they've effectively cut the unemployment rate by almost a full point by "disappearing" people from the labor force. Seriously.

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg

by ManfromMiddletown (manfrommiddletown at lycos dot com) on Fri Oct 3rd, 2008 at 03:20:07 PM EST
[ Parent ]

Re: Calling all polymaths (4.00 / 3)

That's how it's done. Seriously.

by afew (afew(a in a circle)eurotrib_dot_com) on Fri Oct 3rd, 2008 at 04:13:30 PM EST
[ Parent ]

Re: Calling all polymaths (none / 1)

Lies, damn lies, and government statistics.

I've been meaning to tell Migeru that he needs to look at what's been happening with the reconstructed M3 money supply measure. It's been skyrocketing as a percentage of the US money supply, while the other M1 and M2 have remained static. Hmm........

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg

by ManfromMiddletown (manfrommiddletown at lycos dot com) on Fri Oct 3rd, 2008 at 04:20:07 PM EST
[ Parent ]

Re: Calling all polymaths (none / 1)

Where is the reconstructed M3?

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Carrie (migeru at eurotrib dot com) on Fri Oct 3rd, 2008 at 04:21:53 PM EST
[ Parent ]

Re: Calling all polymaths (none / 1)

http://www.shadowstats.com/alternate_data/money-supply

Is this the one?

by Metatone (metatone [a|t] gmail (dot) com) on Fri Oct 3rd, 2008 at 05:27:20 PM EST
[ Parent ]

Re: Calling all polymaths (none / 0)

No.

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg

by ManfromMiddletown (manfrommiddletown at lycos dot com) on Fri Oct 3rd, 2008 at 06:22:38 PM EST
[ Parent ]

Re: Calling all polymaths (none / 1)

This one.

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg

by ManfromMiddletown (manfrommiddletown at lycos dot com) on Fri Oct 3rd, 2008 at 06:23:51 PM EST
[ Parent ]

Re: Calling all polymaths (none / 1)

That's one of the issues that's got Bernanke flipping out. It's worrying him that M2 -- M2 is the important one as it relates to GDP, employment, etc -- isn't responding to Fed policy. He's lowered rates a ton, but we're still seeing the money supply in trouble.

Another sign pointing to a steep recession, and perhaps a depression.

Be nice to America. Or we'll bring democracy to your country.

by Drew J Jones (pedobear@pennstatefootball.com) on Sat Oct 4th, 2008 at 09:13:25 AM EST
[ Parent ]

Re: Calling all polymaths (none / 1)

From Last year

Is M3 money warning of an inflationary blow-off in the US? :: Ambrose Evans-Pritchard

Japan lived through this in the 1980s when it allowed property and stocks to mushroom out of control, mistakenly thinking the effects would be benign because retail price inflation was low. (The US did much the same in the 1920s but the collective mind in Washington and New York seems to forgotten that).
Capital Economics makes a different argument. Mr Ashworth said his group at first supported the Fed's decision, agreeing that (narrower) M2 was good enough on its own.
"Recent evidence has made us reconsider that position. It appears that broad money and consumer prices have begun to move in tandem once again. Over the past two years M3 growth may even have been leading core inflation by a few months," he said.

Any idiot can face a crisis - it's day to day living that wears you out.

by ceebs (ceebs (at) eurotrib (dot) com) on Sat Oct 4th, 2008 at 09:56:38 AM EST
[ Parent ]

Friday Open Thread | 86 comments (86 topical, 0 editorial, 0 hidden)

Top Diaries

Leinster's demise and Munster's hope

Southern Irish disinterest in Northern Ireland affairs

The end is Nigh?

Joe Biden. America's Interventionist Hero

The law of conservation of transness

Recent Diaries

Integrating Ukraine Into NATO Family

Southern Irish disinterest in Northern Ireland affairs

Incident Ukrainian War Display Gets Int'l Attention

German Climate Activists Group Outlawed

Leinster's demise and Munster's hope

Joe Biden. America's Interventionist Hero

Targeted Assassinations: a Bankrupt Strategy

The end is Nigh?

Hijacking Peace by Zelensky for War Escalation

UA Drone Attack On Moscow

Rightwing Operation New EU 'Enlightenment’

Energy (and Other) Events Monthly - May 2023

May 2023

The law of conservation of transness

US Provoked Conflict In Europe

U.S. Will Be Ousted From Middle-East

Settler Extremism Blessed by Jerusalem Leaders

Occasional Series