“Ben Bernanke in his speech at Jackson Hole gave no further evidence that the Fed will be easing soon. He talked somber but that was the extent of it. This should come as no surprise since it would be unusual for Bernanke, or any Fed chairman, to launch an aggressive money printing campaign just before a presidential election.  That said, I have been reporting in the EPJ Daily Alert that money supply is beginning to climb much more rapidly in recent weeks.  It appears banks are starting to loan out some of the $1.5 trillion plus they have in excess reserves.”

http://www.economicpolicyjournal.com/2012/08/beyond-bernankes-speech-from-hole.html

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