HAVE YOU SEEN M3 LATELY ? / SEEKING ALPHA

Have You Seen the M3 Lately?

by: Tim Iacono

July 09, 2009


Haven't looked at this chart from NowAndFutures in some time now - either someone's asleep at the switch over at the Federal Reserve or the M3 really isn't all that important an indicator.

Then again, maybe this is what the central bank didn't want people to see. What was it, about three years ago that the Fed discontinued reporting of the broadest measure of the money supply and conspiracy-minded folks thought it was going to go to the moon?

It looked like it was headed there ... that is, right up until last summer.