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Investopedia: Money Zero Maturity - MZM
MZM has become one of the preferred measures of money supply because it better represents money readily available within the economy for spending and consumption.
It's getting unbelievable
Disclosure: Roughly 1/4th of my net worth sits in long-term savings bonds (purchased every year since 2000). This is not investment advice.
See Also:
A Nation of Anti-Savers
Source Data:
FRB: Z.1 Release
St. Louis Fed: MZM Money Stock
The Fed deciding to stop reporting M3 in 2006 is curious, but according to shadowstats at least M3 hasn't expanded much since 2009 -- from $10T in 2006 to $15T in mid-2009, and still under $15T now.
ReplyDeleteM2 has gone from $7T in 2007 to $10T now (MZM shows $11, what's $1T here or there).
Macro between nations is not something I understand in the slightest. It might be simple enough to figure out through naive analysis, but that's not something I can expect.
"You think you've merely stopped a business deal. That is not the case. The Arabs have taken billions of dollars out of this country, and now they must put it back! It is ebb and flow, tidal gravity! It is ecological balance . . ."
vs:
Under Pressure, Dubai Company Drops Port Deal
The sad thing is that we're awash in real-world wealth from our trade with China and KSA, even as it comes with such a mounting accumulated deficit.
Well, most of the imported oil actually just gets turned to smoke, but thus far we don't have much alternative means of powering this place.
Squanderville indeed. Why isn't this election about that??? Well, I guess I know the answer to that, alas, and that answer is a primary driver for me getting the hell out of here.
Hmm, Denmark's population pyramid doesn't look to bad. Wonder if they'll take me. Too bad all the good places to live are even more latidunally-challenged than Bellingham.
Troy,
ReplyDelete...but according to shadowstats...
Ack! Are you trying to make me poke my own eyes out? I can't stand the questionable statistics at shadowstats!
Troy,
ReplyDeleteSquanderville indeed. Why isn't this election about that??? Well, I guess I know the answer to that, alas, and that answer is a primary driver for me getting the hell out of here.
I hear you. The future looks bleak. I don't think it will be much worse in Renton, WA than it is elsewhere in the world though. We'll see. Sigh.
As a side note, I find it amusing that shadowstats still accepts a credit card for annual subscription fees during this supposed period of hyperinflation, lol. ;)
ReplyDeleteDecember 11, 2010
ReplyDeleteJohn Williams of ShadowStats Warns Hyperinflation Will Start in the Next Couple Months!
Still holding my breath!
Hey Troy, Norway might not be a bad idea.
ReplyDeleteNorway Oil Minister Ola Borten Moe, 36, said in a Sept. 11 interview. “We live in a country with real-wage increases. We have for many, many years, and I hope that continues.”
Oh, he's only 36. Never mind. I only trust the wisdom of Boomers with well-earned sinecure.
AllanF,
ReplyDeleteTrust in sinecure and ye shall receive bonus dollars* absolutely free!
* Of lesser or equal value.