
“Here is the most recent chart from the Federal Reserve Bank of St. Louis. This is the adjusted monetary base over the past 12 months. This reflects the monetary policy of the Federal Reserve. The Federal Reserve is in control of the monetary base. Perhaps we should look at the longer-range policy. Do you see any change since 2009? The MarketWatch writer draws a conclusion from this ‘tightening.’ He writes: ‘The Fed’s tightening is primarily to prevent a full-blown asset bubble. Its burst could bring another financial crisis.’ But if the FED is not tightening, what happens to the asset bubble?”
http://teapartyeconomist.com/2013/07/24/fantasy-land-financial-analysis-for-investors/
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