The monetary base (MB) was $1,467,729 million on 3 December 2008 and $843,841 on 10 September, a 73.93% increase in 12 weeks, which compounds to a 1,004% annualized rate. The MB fell $8,127 million in the two weeks ended 3 December. The Fed's current dollar creation orgy may have ended.
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2 comments:
Maybe it's just year end or holiday respite?
Anonymous:
You may be right. Or ZB may be confused. Chanukah begins on 21 December.
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