I had been watching SKF for a long time but didn't buy. I started to believe all the numb nut's on TV and their kitchen sink bull sh!t regarding the financials that I thought the worst was already priced in the stocks.
Does the way we define money matter? The U.S. Federal Reserve says not. It famously ceased publication of its M3 data in March 2006, claiming that the measure "had not played a role in the monetary policy process for many years."
But lack of use didn't negate M3's value, however. Private economists have since pegged its growth rate above 10% per year. At the end of August this year, M3 growth hit 14%, according to analysis by John Williams at ShadowStats.
"At least we should all be able to rest assured that a global deflation [a shrinking money supply] is not in the cards," as Rob Kirby notes for Financial Sense.
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