9L and Co. Thought you might this graph from St. Louis FED. Its...

9L and Co.

Thought you might this graph from St. Louis FED. Its the MULT (Money Multiplier). As you can see for every dollar the FED pumps in on <90 cents reaches the street to be multiplied into M2 by the banks. The rest is headed into debt write offs as the economy deleverages. Until MULT heads up and the dollars start to hit the street instead of the debt hole i favor deflation for the moment. I cant see how the market can takeoff when theres no liquidity. AS the QE continues this should reverse sharply and than big inflation is on the way, and the USD is toast. Get ready Y'all!

Perhaps a piece of the pie?

[URL=http://img268.imageshack.us/i/fredgraph.png/][/URL]