[lbo-talk] Discontinuance of M3

Nobidicus nobidicus at chilton.com
Tue Nov 15 14:46:47 PST 2005


Doug Henwood wrote:


> John Adams wrote:
>
>> What does this mean, left business observers?
>>
>> http://www.federalreserve.gov/releases/h6/discm3.htm
>>
>> On March 23, 2006, the Board of Governors of the Federal Reserve System
>> will cease publication of the M3 monetary aggregate.
>
>
> Not much. M3 is pretty useless.
>
> Doug

I was wondering too.

This page, about the "M-3 massacre", is kind of entertaining in its own overheated way. It's full of references to Corporatist Fascism, the Plunge Protection Team and Elliot Wave theory:

http://www.safehaven.com/article-4108.htm



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