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Posted: 2/21/2006 8:03:25 PM EDT
[#1]
If you seriously believe that smoke & mirrors job........
Say, see if you can tell me what the M3 number is now....... |
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Posted: 2/21/2006 8:04:36 PM EDT
[#2]
No not a word - must be good news then.
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Posted: 2/21/2006 8:12:29 PM EDT
[#3]
Don't know what it is right now, but isn't it being phased out by the fed as of March? So you place a lot of trust in the M3? |
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Posted: 2/21/2006 8:14:23 PM EDT
[#4]
For now: yeah. Next month: not so much. |
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Posted: 2/21/2006 8:17:26 PM EDT
[#5]
He is right. The M3 is the guide to Fed market manipulation. It also shows the amount of US currency held by foriegn central banks. Why would the Fed not want this information public? Hrmmm. |
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Posted: 2/21/2006 8:22:56 PM EDT
[#6]
So is having US currency held by foreign banks a bad thing? Would you rather have them holding EU's? The fed manipulates the US economy. What else is it suppose to do? Print all the money it can? Loan money at 0% or 100%? |
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Posted: 2/21/2006 8:24:11 PM EDT
[#7]
they're reasoning for not publishing M3 anymore was "to save money" by not publishing this "unnecessary statistic"......
ROFLMAO! like it costs so much money to publish a statistic! since when has the gov't given a damn about saving a pithy amount by NOT MAKING PUBLIC a statistic which they have anyway? unless they had a reason for NOT WANTING ANYONE TO KNOW. 
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Posted: 2/21/2006 8:25:28 PM EDT
[#8]
Yeah, must be a conspiracy... 
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Posted: 2/21/2006 8:27:09 PM EDT
[#9]
My company missed their estimates. Our stock is down about 15-20% right now :( I guess 9.8 instead of 10 billion isnt enough.
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Posted: 2/21/2006 8:27:14 PM EDT
[#10]
damn right it is. if something was starting to go horribly wrong, and our current economic system was unsustainable in the long or even medium term, do you think the fed and the gov't would come right out and say "oops, we fucked up, looks like we're all screwed."
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Posted: 2/21/2006 8:28:44 PM EDT
[#11]
Pull the tinfoil down over your ears and take your happy pills... |
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Posted: 2/21/2006 8:30:21 PM EDT
[#12]
I'm not up on all this financial/economic stuff--can I go outside without the sky bashing my head or not? I've been hit in the head all I can afford.
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Posted: 2/21/2006 8:35:32 PM EDT
[#13]
On the contrary, the problem will be if they start dumping dollars. Luckily for us, foreign governments cannot dump dollars because, due to a sweatheart deal with the Saudis, oil can only be purchased with dollars. Many nations are not thrilled with so much of their reserves tied up in the dollar. What happens if oil was able to be purchased in euros instead. This would allow those skittish nations to deversify their dollar reserves into euros. The Iranian Oil Borse opens next month which will allow just that: oil to be purchased in euros. World governments will suddenly be able to dump some of their massive dollar reserves, which would show up in giant red letters in the M3 report.
Exactly. Hyperinflation to stave off deflation is a tenant of our new Fed chairman. I'm hoping that this is all [tinfoil] |
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Posted: 2/21/2006 8:39:50 PM EDT
[#14]
if you want to continue believing that massive trade deficits, a huge national debt, and a dollar which only maintains it's value because of it's status as the world's reserve currency and the currency necessary to purchase oil with is a good way to maintain a healthy economy in the long-term, go right ahead. go right ahead condo-flipping and putting money in your 401k made up of dow jones index funds, like a good sheeperson 
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Posted: 2/21/2006 8:41:18 PM EDT
[#15]
Is it just me, or is this site in need of an icon of a yellow headed dude with a tinfoil hat?
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Posted: 2/21/2006 8:42:11 PM EDT
[#16]
Oh shit. 
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Posted: 2/21/2006 8:45:23 PM EDT
[#17]
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Posted: 2/21/2006 8:46:43 PM EDT
[#18]
Bigtime. |
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Posted: 2/22/2006 9:57:40 AM EDT
[#19]
I suspect it costs millions to collect and publish the data. Back when I was in grad school the macroeconomists didn't seem to care too much about measures beyond M1, since M2 and M3 track M1 rather closely over the time periods they are interested in (years, not months or days). GunLvr |
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Posted: 2/22/2006 10:04:10 AM EDT
[#20]
Well, it seems like the government is turning into one big black box if you ask me 
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Posted: 2/22/2006 10:07:57 AM EDT
[#21]
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Posted: 2/22/2006 10:08:12 AM EDT
[#22]
Didn't someone make one for the survivalist forum? |
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Posted: 2/22/2006 10:13:36 AM EDT
[#23]
.
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Posted: 2/22/2006 10:15:02 AM EDT
[#24]
Given that the bond market is apparently now inverted -- I wouldn't get too excited about those numbers... |
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Posted: 2/22/2006 10:17:52 AM EDT
[#25]
A lockbox? OMG - Gore was right !!!  
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Posted: 2/22/2006 10:18:34 AM EDT
[#26]
To quote the Dems "It's about the economy" I am so glad they didn't win the last election and take credit for this. |
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Posted: 2/22/2006 10:22:38 AM EDT
[#27]
I think that you are glossing over a very important caveat regarding the movements of M1, M2 and M3 over time - Monetary aggregates move together BROADLY over LONG PERIODS of TIME. However,their growth rates diverge during some periods. If these measures of money do not move together, they may tell different stories about what is happening to money Those words come right from a Federal Reserve Bulletin. Millions of dollars to collect the data? Please, a million dollars in the federal budget is equivalent to what in the average person's budget? A penny, at best. |
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Posted: 2/22/2006 10:35:18 AM EDT
[#28]
No, I don't - but WHY is it being phased out............... 
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Posted: 2/22/2006 11:06:17 AM EDT
[#29]
Interesting article, I'll keep that date in mind, I need to order a few things before it. Even if it turns out I don't need them, it will still be nice to have them. |
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Posted: 2/22/2006 11:17:05 AM EDT
[#30]
Glad you read it. I was hoping someone would! |
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Posted: 2/22/2006 11:42:31 AM EDT
[#31]
Again, real economists aren't going to care much about M3 versus M2 over the periods they do research, which is years not months. I am sure that some Wall Street types might care, but chances are the better ones have other derived statistics they follow. The Fed is not part of the Federal government. They are self-funding, and their budget isn't set by the President or Congress. But I can tell you as someone who once worked as a government economist that the government spends huge amounts of money publishing the most arcane of annual statistics. Plenty of those are fixed costs but there are huge variable costs too. Just imagine how much the government spends each year not just printing but mailing "Public Land Statistics" to every interested party who wants a copy. You would be surprised how many places besides Federal deposit libraries want a copy. The real problem with all this paranoia is why would you trust any government statistic? They could keep publishing M3 and just make the number up I suppose, or maybe that is what they have been doing all along? If you don't trust that they are discontinuing the series then why would you trust the series at all, ever? GunLvr |
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Posted: 2/24/2006 7:35:46 PM EDT
[#32]
Shame on your company........ spooking the fickle fucking investors.  There are worse things, though. It could have been OTHER PEOPLE'S forecasts y'all were being punished for not making. 
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Posted: 2/25/2006 9:28:13 AM EDT
[#33]
What company? This would be a great time to buy their stock. |
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Posted: 2/25/2006 9:34:09 AM EDT
[#34]
not just you 
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Posted: 2/26/2006 9:18:51 PM EDT
[#35]
Look here, folks. The creature you see is the elusive |
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