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What's the problem? * It looks like M3 has been doubling every 9 years since 1959. * Except for the 70's and 80's, in which it doubled every 6-7 years.
Yes, during the inflationary years of the 70's and early 80's that's true. But notice that it took thirteen years from 87 to 2000 for it to double during our bull market run. But I just noticed that Greenspan was sworn in in 87, so he actually slowed down M3 for awhile. So disregard...didn't pay attn to the numbers closely enough.
As much as I enjoy reading the investment related postings here, sometimes the information and dialogue shared here really make me feel like a dum dum
pardon me while I expose a bit of my ignorance,
What is M3?
Is it the available supply of money and was the concern that it was growing too rapidly?
I checked Google 1st, but didn't get a clear enough answer.
I look to the present moment because that's where I live my life.
Hyperborea - A Perpetual Traveller in Training<br />Patriotism is your conviction that this country is superior to all other countries because you were born in it. George Bernard Shaw<br />The world is not black and white. More like black and grey. Graham Greene
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