The monetary base has been soaring, growing more than 100% y/y (click on its graph to enlarge). What are the implications? Is the Fed too easy?
The comments by Bob McTeer, a former governor of the Fed, are very instructive. Click here to read his article on the subject.
To find out more about my in depth view of the markets and my strategy just visit our website https://www.peterdag.com/ where you can review The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs. I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes. George Dagnino, PhD
Editor, since 1977
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