Fed rates in late 70's

Yeah I remember when I first started in this business in 1989. We got these big charts every month from the Fed. and had to figure out what they meant. I will blame Greenspan, for making the Fed Chairman position a media spokesman, now it is a joke.

 

You can still derive M3. I believe Surdo posts a chart every month or so.

 

Many factors causing the spike:

http://econ161.berkeley.edu/Econ_Articles/theinflationofthes.html

http://en.wikipedia.org/wiki/Stagflation

 

thanks for the info buddy!! I did not know that.. i'll look into that.

many thanks