Money Supply Growth Falls Again, Dropping to 105-Month Low
The last time the money supply grew at a smaller rate was during September 2008
The last time the money supply grew at a smaller rate was during September 2008
Today, Janet Yellen struck a dovish tone with Congress, saying that the Fed's target interest rate is not really that low after all.
It may be minor, but this week's rate hike should be just high enough so the Bank of Canada can cut them again when things start to get tough.
Those of us who are hostile to central planning are doubly hostile to governmental interference in the price mechanism — the policies of QE and ZIRP.