next week is make or break in usa, page-20

You must be thinking of M3, whch sure has been growing been doubling every 4 to 5 years.

I belive M3 is somewhat skewed by what they are thowing into the mix(derivatives etc).

Im finding M0 (including currency reserves) seems to be a better fit these days. Its been growing at around 7% pa in the past 5 years and it is directly controlled by the poers on martin place.

Also..

Dow futures down 80 tn (when i last checked) so 12000 looks like its going to be broken. Though I suggest that 11700 is the real key point as that was the March low.


And also

Hard to generalise on young people..I too have a team of young guys..The reality is some are bloody hard workers and some are not. Really..nothing has changed.