Sunday, December 14, 2008

Zimbabwe Ben Rests

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.


Anonymous said...

Maybe it's just year end or holiday respite?

Independent Accountant said...

You may be right. Or ZB may be confused. Chanukah begins on 21 December.