Interest rate up one quarter.
Perhaps we are sliding off the back end of the curve.
Over did the quantitative easing?
Time will tell.
At the end of the day we have to get back to basics:-
"The only way to increase the MONEY supply is to get off your ass and grow, mine or manufacture something.
Currency (and credit) are abstractions. Gold is "money" but so does a tree that I cut down and turn into lumber - the lumber is, in fact, "money", in that it is the product of an actual endeavor.
We abstract this into currency for convenience but the abstract is NOT "money", irrespective of claimed conversion rights, particularly when that claimed conversion right is only to ONE thing that is actual money. Indeed, such a conversion limitation is in and of itself a further act of fraud."