Compare money supply growth Clinton/Bush - Is flood gate open?

[papau]

http://www.federalreserve.gov/releases/h6/hist/h6hist1.txt

TABLE 1
M1, M2, AND M3
BILLIONS OF DOLLARS January 02, 2004
---------SEASONALLY ADJUSTED---------------- -----------NOT SEASONALLY ADJUSTED-----------

------M1------- -----M2----- -----M3------ -------M1------- -----M2----- -----M3------
1993-Jan. 1029.8 3425.4 4198.0 1039.8 3430.8 4204.3

1994-Jan. 1131.3 3484.6 4274.6 1141.7 3489.6 4280.9

1995-Jan. 1150.4 3501.2 4383.1 1159.0 3504.7 4388.0


2001-Jan. 1093.2 4986.3 7207.0 1099.4 4994.1 7239.2
Feb. 1099.8 5030.9 7279.2 1087.1 5023.0 7309.6
Mar. 1107.5 5083.3 7345.6 1106.9 5114.2 7402.9
Apr. 1105.9 5129.2 7462.3 1122.2 5188.3 7519.6
May 1116.7 5154.4 7541.9 1110.6 5126.1 7525.3
June 1125.8 5199.0 7629.6 1122.7 5178.3 7605.5
July 1138.0 5233.4 7668.0 1136.3 5208.1 7616.9
Aug. 1149.2 5266.5 7678.3 1141.4 5244.9 7628.5
Sep. 1201.2 5377.0 7836.5 1190.7 5359.3 7770.8
Oct. 1163.9 5362.9 7871.6 1154.9 5343.6 7815.8
Nov. 1165.3 5403.3 7945.5 1164.2 5407.2 7951.8
Dec. 1172.9 5445.1 8006.2 1202.9 5488.1 8078.0
2002-Jan. 1179.0 5469.1 8017.9 1185.2 5476.4 8059.8
Feb. 1185.2 5507.4 8069.6 1171.2 5494.5 8102.1
Mar. 1187.1 5508.3 8082.8 1188.7 5543.3 8148.5
Apr. 1172.6 5494.8 8085.0 1187.9 5557.1 8143.7
May 1183.3 5557.5 8152.4 1177.5 5525.8 8130.5
June 1188.9 5587.7 8180.9 1186.5 5564.0 8154.4
July 1195.7 5635.5 8227.1 1193.4 5606.9 8173.9
Aug. 1184.5 5673.4 8293.7 1176.6 5651.2 8242.2
Sep. 1191.3 5699.1 8335.3 1181.3 5677.1 8260.4
Oct. 1202.6 5737.0 8346.9 1192.4 5716.4 8290.1
Nov. 1202.2 5777.3 8470.0 1200.8 5791.9 8485.8
Dec. 1210.4 5792.9 8525.8 1240.3 5842.2 8603.5
2003-Jan. 1212.8 5821.8 8526.0 1219.9 5830.6 8570.1
Feb. 1233.4 5875.0 8572.9 1219.2 5857.0 8603.0
Mar. 1236.7 5887.1 8599.3 1238.2 5919.5 8661.3
Apr. 1236.9 5910.0 8617.6 1253.0 5976.8 8679.5
May 1257.8 5998.7 8711.7 1251.3 5964.0 8687.4
June 1271.9 6047.5 8780.2 1269.0 6016.4 8749.1
July 1277.8 6099.5 8916.9 1274.3 6065.4 8858.1
Aug. 1285.7 6143.6 8956.5 1279.6 6122.8 8906.3
Sep. 1288.0 6122.4 8953.6 1275.6 6096.8 8874.5
Oct. 1286.9 6091.9 8896.1 1276.2 6073.4 8843.3
Nov. 1282.0 6071.0 8861.5 1281.1 6092.0 8884.5

[kalian]

1. Of course the flood gates have been opened....

any doubts? Its quite obvious that shrub and Greenspan agreed upon
this as soon as shrub came into office... Flood the economy with
cheap dollars...and just watch it wither away to nothing...

Take a look at M3:

[papau]

2. inflation goes off the clift in a year or two, with interest rates to the

sky -

but it all happens after 04 election -

I would not want to be owning bonds on 12/31/04.

but the destruction began pre-Bush!

Only the brakes caused by Clinton's increase in National savings via decreased deficits and then actual savings in 12/31/99 to 12/31/00 saved us.

And now we have the combination of a money flood - with no offset from fiscal policy - indeed we have instead the largest budget deficits in our history.

[Dogmudgeon]

3. Looks like A.G. tried to get inflation started again under Clinton ...

... but failed.

He started increasing M3 in 1994. Was it done to make inflation appear to jump just as Clinton was running for re-election?

Over the past few months, it looks like there has been a major effort to keep M3 from growing at all. I thought Greenspan was worried about deflation.

Looking at this chart, plus his history of helping out the Republican presidents with serial interest rate cuts, you wonder if Alan Greenspan is really the even-handed guy he makes himself out to be.

Of course, I could be wrong.

--bkl