Monetary Base Breaks Out

posted in: Monetary Base, Oil | 0

Data released by the Fed today confirmed that the Monetary Base has officially risen above the range that it had settled in since July of 2011.  Since roughly the same time period brent crude oil and gold have also been … Continued

Monetary Base Still Not Growing

posted in: Monetary Base, QE | 0

Even though QE3 has now been in effect for over a month, the monetary base hasn’t budged since it was announced.  As I’ve documented before, the monetary base has been highly correlated with commodity prices since QE began in 2008, … Continued

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