US money supply plunges at 1930s pace as Obama eyes fresh stimulus

The M3 money supply in the United States is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933, despite near zero interest rates and the biggest fiscal blitz in history.

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This entry was posted on Thursday, May 27th, 2010 at 8:44 am and is filed under Editor’s Choice, News. You can follow any responses to this entry through the RSS 2.0 feed.