Well, at least Paul Volcker has finally caught up and is pointing out things I stated nearly 2 years ago. Again, this wasn’t hard to see coming…you just had to look at the facts.
The de-leverage in the market to adjust back to normal risk levels is decreasing the money supply substantially, they are trying to inject huge sums of USD into the market to offset that. All in all, the functional money supply is actually down substantially. Also, a very large portion of the USD money supply is … Read more