Fri, 14 Sep 2012 09:40:18 GMT
First off, employment numbers this week were horrible. As too were unemployment numbers. This confirms what I have been writing for a few months now - money is draining out of the global economy at a faster rate than leading up to the 2008 collapse and corporate balance sheets are deteriorating at the fastest rate since this crisis visibly started twelve years ago. If you are looking at M1 or M2 money aggregates as a sign of economic health or inflation, you are being deceived. Or, if you are following economists, bloggers or anyone else who are pointing to the massive swell in these numbers as signs that we have plenty of money or even too much money in the system, you need to get away from this thinking as I noted before on here. In that video I posted of Detroit yesterday, how many of those people were getting any of that money growth? By the way, the only number that matters is M1. M1 is what you use to pay your bills. And,...
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