Tag Archives: Monetary Base

This Rhyme Is Different: Base Money > M1

“History doesn’t repeat itself but it often rhymes.” –  Mark Twain (maybe) We have been speaking a lot about how the liquidity in the market today is different than in the past.   The chart below reflects this better than … Continue reading

Posted in Economics | Tagged , , , | 23 Comments

Cue Up Gold

After the Hilsenrath QE story, which broke in the last hour of yesterday’s equity session,  gold has started its move.  It’s up over $20 today  breaking out of a symmetric triangle formation. We believe is gold is driven primarily by … Continue reading

Posted in Gold, Monetary Policy | Tagged , , | 1 Comment

Chart Trioka

We’re keeping these three charts on our radar over the next year. With a heavily spiked punch bowl,  we suspect U.S. monetary policymakers will be a little nervous if they start to see bank credit accelerate and a rapid expansion … Continue reading

Posted in Economics, Inflation/Deflation, Monetary Policy | Tagged , , , | Leave a comment