Thursday, September 25, 2008

Uh Oh....

This uptick on the base money supply is worrisome and if not a random artifact of the financial turmoil and indicative of a trend it could spell concerns for the value of the dollar. It will be followed here. That said, there are so many deflationary events in play that an expansion of the base money supply was to be expected and will not necessarily mean the dollar is about to tank.

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