Comments on: TDI Podcast 104: The Creature Known as The Federal Reserve

By: Stephen Kutney

Stephen Kutney — Fri, 17 Apr 2009 02:42:34 +0000

The money supply needs to expand at least equal to the growth of the population or deflation will result. if we used gold and/or silver you would need much more of it.

M1 has grown 508% per person from Jan. 1959 to Feb. 2009. M2 has grown by 1505% during that same period.

The US dollar is used all over the world. so it's real hard to get a hand on what would be the correct rate of growth in the money supply. It's no wonder that we have economic bubbles.

By: Andrew Horowitz

Andrew Horowitz — Fri, 17 Apr 2009 01:59:05 +0000

Re: doctord commented on TDI Podcast 104: The Creature Known as The Federal Reserve --
The $700b was a down payment on the Feds balance sheet so that they could lever that to $7trillion

Seriously

Andrew

By: NewsFlashr Editor’s Picks for April 15 2009 | Penny Stock Trading System Blog

Thu, 16 Apr 2009 20:17:37 +0000

[...] The Disciplined Investor interviews G. Edward Griffin in his latest Podcast, in which they discuss the history of the Federal Reserve and how it ‘controls’ America in “The Creature Known as the Federal Reserve.” [...]

By: doctord

doctord — Wed, 15 Apr 2009 23:53:24 +0000

The 'Federal Reserve plot' certainly sounds pretty sensational. However, if it was the case, and FR could generate money out of thin air, what was the point of Paulson having a vote in congress, couldn't FR just 'create' 700B for him?

By: Sean

Sean — Wed, 15 Apr 2009 19:22:26 +0000

Interesting stuff, but does your guest really think the gold standard would eliminate inflation? What is his idea of a "good recession"? Would something like the 1890s or 1930s be "good" in his opinion?

By: Afraid to Trade.com Blog » NewsFlashr Editor’s Picks for April 15 2009

Wed, 15 Apr 2009 16:05:00 +0000

By: Andrew Horowitz

Andrew Horowitz — Wed, 15 Apr 2009 02:19:04 +0000

--

Good stuff. The volume we check are actual market internals not etf, so that encompasses all positions

Also, agree re AA but still seeing fish biting empty hooks

Of course been watching metals but want to see aggs head higher, as want to see human consumption over stockpiling

A

By: VPro

VPro — Tue, 14 Apr 2009 00:52:48 +0000

Andrew,
Thanks for taking guest suggestions and getting Mr. Griffin on. Excellent stuff.

Regarding earnings: Alcoa has a very checkered history even when the economy has been strong. Like Intel it surprises me people rely on them as a reliable company to gauge the market by.

You mentioned the base metals need to get moving. Have you seen copper lately? It's moving. Check out FCX, PCU, TGB. Also, platinum is moving; check out ANO.

Good point regarding market volume. However, comparing volume on a day to day basis can be flawed because the market can't continually go up on increasing volume. That's why I find benchmarking coming into and at swing points is crucial and where information is released.

The XLF didn't have great volume on 4/9, but C, WFC, & BAC which are key components of the XLF had huge volume that day. The COMPQ is very strong and the S&P had held strong above $800.

One reason you may be finding the volume lacking is that since the 3/6/09 lows, the market has had many days of merely doing intraday corrections, but not even a .382 retracement so far from day to day, so many money managers and others are having difficulty getting in. I think a lot of people don't feel the rally is real also.