Monday, November 02, 2009

Chart of the day

Source here.

I was speaking to an attorney who is in-house at a well known financial services firm and very worried about inflation. While I conceded the risks of inflation were very great (like having more than less nukes ready to fire), I asserted that, unless the money is actually in the money supply, inflation will remain sidelined, too.

This chart seems to support my thesis.

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