by Rebecca Wilder Fractional Money Multipliers Money multipliers – the stock of money divided by a measure of base money (generally reserves plus currency in circulation) – are dwindling to fractions of what they used to be. FT Alphaville draws our attention to this fact on the Euro area (EA) using SocGen’s analysis. The money […]

This is actually good news, since everything else the Fed has done has been to benefit the insolvent large banks. Still, I didn’t expect my post of three days ago to be such a perfect “negative indicator” so soon.