"Altruistica": Seeking a return to full financial disclosure and regulatory oversight. A financial market analysis blog for "entertainment purposes" only by an experienced CFA seeking new hedge fund engagements for investment writing and analysis. The author has experience investing internationally, running a hedge fund, making angel investments, and helping launch five startup companies. Investors should do their own due diligence.

23 November 2006

Dollar Getting Hammered as M3 Soars

Discontinuing publication of M3 data by the Federal Reserve has not fooled anyone. It's rising an absurd and unsustainable 14% ANNUALIZED rate from a very high level ( So the market has been up nearly every day since late July. That's when the Goldilocks economy preachers saw the last Fed increase before the EXPECTED rate cut in May 2007.

But the hype and market pump ignore the fact that foreigners control $3T of our Treasuries with China at $1.2T alone. China has already announced it is diversifying away from the dollar, buying gold, and swapping into Euros.


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