U.S. money supply falling at rates not seen since the Great Depression

  • Thread starter Thread starter DouggieJ
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But I think it was pretty much inevitable...not like Mccain was going to save the day, Obama has probably been even the worst option of the 2. I don't like his vision for America at all.
 
God dammit. I used to be semi-competent at the whole economics thing... But I'm pretty sure I'm now pretty much a functional retard at it now. So... I'm hoping the resident OT economic gurus* pop in and say something intelligent.

*90% (margin of error +10%) of the self proclaimed economic gurus consist of people who will say "something something OBAMA!!!!" or "something something R. Paul!!!!!11!!1" and call the remaining 10% (margin of error -10%) idiots.

I know your post wasn't directed at
me but it might as well have been.
 
Who cares, Obama is president now. Nobody forced him to become president, its his responsibility and job to take on the problems he has inherited. He ran for president under those circumstances. Blaming the past president is a cop out.
 
M3 is a measurement of outstanding bills in circulation/travelers checks/private accounts.

A drop in M3 signifies one of the 3:Banks are keeping higher reserves in their vaultThe fed is altering monetary policyPrivate MMF's are not lending as muchThe second we know is not true. The fed hasn't changed anything. So either banks are keeping more reserves or private MMF's are not lending out cash reserves. It's probably a combination of the two.

Typically this signals a slowing in growth because it means short term lending is down.

The problem in the last 3 months has been the European market. And it's true that MMF's are not lending to European banks (due to the Euro problems) thereby causing them to go to their central banks for between 100-200 Billion (last I saw) instead of overnight lending.
The other portion is probably banks holding more cash in their vaults (which at this point I think is a good thing).
 
did you know that humans are naturally telepathic?

http://forums.offtopic.com/showthread.php?t=3765831
 
Uhmmm... all of the Republicans care. They are always blaming Obama for matters that started 7 years ago.
Blaming Bush for the economy problems is not the easy way out, it is a fucking fact. Republicans love to forget what their president did in his two terms.
 
Well, I dont mean that sort of crisis. The government is a complete failure and hindrance towards real progress. It has too much power and authority when it deserves to be overthrown and tossed into a pit of lions. Obama has done nothing but make government an even bigger problem. Too much government control is going to be the biggest crisis we face, that may even be a bigger problem than Zimbabwe inflation. Thats where America is heading under Obama and the democrats.
 
It's like you skipped a whole time period because you wanted to play the partisan card.

The pick up in bad loans started 7-8 years ago (2002-2003). While I'd agree that many pieces of work from the 1990's influenced this....you'd have to ask yourself why did nothing happen until the early 2000's?
 
I just went through that telepathy thread and I cannot believe I wrote all that shit.

I blame adderall and weed for that. Its almost scary looking back at your own posts made years ago. I dont think I could even agree with a single thing I said in that thread. wtf
 
Whether Obama's intentions are good or not, he's not going about it the right way. His stimulus packages so far have already been a massive failure.

Obama isn't the right man for the job. He's responsible for a lot of it, unfortunately.
 
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