Friday: Personal Income and Outlays, PCE Prices, Fed Chair Powell
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All US markets will be closed in observance of *Good Friday*.
[image: Mortgage Rates] Note: Mortgage rates are from MortgageNewsDaily.com
and are for top t...
2011-10-16
PBOC vs FRB:A tale of two money supplies
Notice the ramp in the Federal Reserve's M2 at the end of this chart. This has been explained, not as a burst in money supply that's is about to cause inflation, but as European money leaving the banking system and entering U.S. banks. Remember that only recently, some U.S. banks announced slightly negative interest rates, to deal with all the capital flowing in.
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