I dont want to sound like a doom and gloomer, but this is bad…pant shhytting time.
Discontinuance of M3
On March 23, 2006, the Board of Governors of the Federal Reserve System will cease publication of the M3 monetary aggregate. The Board will also cease publishing the following components: large-denomination time deposits, repurchase agreements (RPs), and Eurodollars. The Board will continue to publish institutional money market mutual funds as a memorandum item in this release.
Measures of large-denomination time deposits will continue to be published by the Board in the Flow of Funds Accounts (Z.1 release) on a quarterly basis and in the H.8 release on a weekly basis (for commercial banks).
M3 is an important measure of price inflation because it is considered the broadest measure of money and prolly the best measure of price inflation.
In layman's terms: M3 = M0+M1+M2,
I know from econ 101, that if hyperiflation hits, this is one of the first places where it will rear its ugly head. Why would the gov't discontinue providing this important piece of info.
Yeah, I was thinking the same cz I dont get anything of this post but since he creamed in his pants, I was concerned what kind of news it could be. I still dont have an idea.
Not that I have any idea what Dope talks about most of the time. Or what dope is. But let me proceed attention seeking.
The gathering of jists has let me to conclude thusly: This is an important piece of info that the government provides - and it concerns an especially vulnerable er…thingie if/when anything cataclysmic happens to the US economy. If (and I assume this to be the case) there are so many vested interests - why then would they cease to publish such a document.
The government obviously knows but its probably more about the freedom to access such vital info as a non government person/thing.
But so far as colloquial lingo ala slang is concerned. Creaming your pants is rather different to defeaceating in them. ikh.
