Inflation becomes again normal in the United States: the PCE-PILFE returned in the standards, well installed under the bar of 2%. Graph 1: http://s3.archive-host.com/membres/up/2107676425/20070928US3PCE01.gif The PCE-PILFE of August increased by 1.76%...
M2-M1 continuous to increase at 8.64% (year-on-year) from September 10 to 17, which means that Americans increase their saving by decreasing their consumption. Graph 1: http://s3.archive-host.com/membres/up/2107676425/20070928US1M2M1.gif * As demand drops,...
Free supply money and growth: I I. M3 free supply money The variation of the real GDP growth rate is inversely proportional to that of the free money supply which is the difference between the increase of the money supply M3 in current data and (less)...
Free supply money and growth: II II. M2-M1 free supply money The variation of the free money supply depends in fact (especially in the United States) on the variation on only one aggregate: M2-M1, i.e. of the saving of the households (placed on savings...
Free supply money and growth: III III. Free supply money and behaviorism To understand the relations between the free money supply and the GDP growth, it is necessary to understand with what actually correspond, concretely, the variations of the monetary...
Forecasts and variations of the monetary aggregates The variations of monetary aggregates are the best indicators for forecasts because they very well synthesize the reactions of the markets. On September 3, M2-M1 (much) increased by year-on-year: +8.3%....
M2-M1 dropped by $90 billion since August 27 to September 3, "du jamais vu" (ever seen) in the History of the United States! Figure 1: http://s3.archive-host.com/membres/up/2107676425/20070914US1M2M1M1.gif * What means that Americans saved $125 billion...
Ben Bernanke and his boys thus succeeded in creating a recession whereas the growth could have normally continued! He joined on the black list Wm. McC. Martin, Jr who directed the Fed in the Sixties and who made the fatal error to let leave an inflation...
M2-M1 further increased by $49,7 billion in the week finishing on August 27, exactly like the previous week, which never occurred in the History of the United States! * After the attacks of September 11, M2-M1 increased by $50 billion, but all is become...
In the match which opposes Bernanke to Greenspan, there is not 1 to 0, but Greenspan wins at least by 2 points versus zero! Indeed, since Ben Bernanke chairs the Fed, the weekly variations of M2-M1 are much more important than before. In Greenspan’s time,...
