The FED has been pulling money out of economy for months.

What money? The Maiden Lane portfolios? They've been selling those down; what, did everyone think they were going to keep those assets forever??

<IMG SRC=http://research.stlouisfed.org/fred2/graph/fredgraph.png?&id=M2&scale=Left&range=Custom&cosd=2008-11-01&coed=2012-05-21&line_color=%230000ff&link_values=false&line_style=Solid&mark_type=NONE&mw=4&lw=1&ost=-99999&oet=99999&mma=0&fml=a&fq=Weekly%2C+Ending+Monday&fam=avg&fgst=lin&transformation=pc1&vintage_date=2012-06-07&revision_date=2012-06-07>

Money is still going strong. Yellen was out last night heavily hinting at QE3. Bernanke speaks today.

Wasn't Grant calling for hyperinflation since 2008?? And he mentions money printing. The QE's are not about money printing.

Grant talking to Maria is like two blind guys talking about the artwork on the walls in an art gallery.
 
Quote from Covertibility:

What money? The Maiden Lane portfolios? They've been selling those down; what, did everyone think they were going to keep those assets forever??

<IMG SRC=http://research.stlouisfed.org/fred2/graph/fredgraph.png?&id=M2&scale=Left&range=Custom&cosd=2008-11-01&coed=2012-05-21&line_color=%230000ff&link_values=false&line_style=Solid&mark_type=NONE&mw=4&lw=1&ost=-99999&oet=99999&mma=0&fml=a&fq=Weekly%2C+Ending+Monday&fam=avg&fgst=lin&transformation=pc1&vintage_date=2012-06-07&revision_date=2012-06-07>

Money is still going strong. Yellen was out last night heavily hinting at QE3. Bernanke speaks today.

Wasn't Grant calling for hyperinflation since 2008?? And he mentions money printing. The QE's are not about money printing.

Grant talking to Maria is like two blind guys talking about the artwork on the walls in an art gallery.
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I am short; you must be long. I think he meant credit not cash.
 
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