What are these people trying to do? I've never been one for conspiracies, but it almost makes you wonder. Here's what Jim Jubak reports in his column dated actually tomorrow:
"Let's count the money:
In the United States, the Federal Reserve shows M2, the broadest measure of the money supply that the government still tracks, grew at an annual rate of 6.7% from September 2006 to September 2007. That's $465 billion in new money.
In Europe, M3, a broader measure of money supply still tracked by the European Central Bank, climbed at an annualized 11.6% rate in August. That's 875 billion in new euros, or about $1.25 trillion U.S., added to the money supply.
China, of course, makes everybody else in the world look like models of monetary prudence. M2 in China grew at an 18.5% annual rate in September. That's 6.2 trillion yuan, or about $815 billion U.S., added to the money supply.
And I haven't counted Saudi Arabia, Russia and the rest of the oil-producing world, or the new money being created in the other export economies of the developing world."
http://articles.moneycentral.msn.com/Investing/JubaksJournal/5WorldlyStocksToWeatherTheGloom.aspx
But I digress: are the bankers really just trying to suck money out of the non-asset holders through the winds of inflation? (That wasn't my best metaphor.) Or are they just trying to avoid problems by "throwing money" at their economies? Or are they all just dumb males who figure if a little is good then a lot has to be better? Has everyone gone mad??
"Let's count the money:
In the United States, the Federal Reserve shows M2, the broadest measure of the money supply that the government still tracks, grew at an annual rate of 6.7% from September 2006 to September 2007. That's $465 billion in new money.
In Europe, M3, a broader measure of money supply still tracked by the European Central Bank, climbed at an annualized 11.6% rate in August. That's 875 billion in new euros, or about $1.25 trillion U.S., added to the money supply.
China, of course, makes everybody else in the world look like models of monetary prudence. M2 in China grew at an 18.5% annual rate in September. That's 6.2 trillion yuan, or about $815 billion U.S., added to the money supply.
And I haven't counted Saudi Arabia, Russia and the rest of the oil-producing world, or the new money being created in the other export economies of the developing world."
http://articles.moneycentral.msn.com/Investing/JubaksJournal/5WorldlyStocksToWeatherTheGloom.aspx
But I digress: are the bankers really just trying to suck money out of the non-asset holders through the winds of inflation? (That wasn't my best metaphor.) Or are they just trying to avoid problems by "throwing money" at their economies? Or are they all just dumb males who figure if a little is good then a lot has to be better? Has everyone gone mad??
