The M3 is over!

On March 23, 2006, the Board of Governors of the American Federal Bank (the famous FED) will cease publication of the monetary M3 aggregate.

The monetary aggregate is a category of money and liquid assets, in this case US dollars. In other words: "we" will no longer know precisely how many dollars are in circulation in the world. The main consequence of this fact is that we will be unable to estimate the real and fair value of the US dollar, although the M1 and M2 (aggregate of money more liquid than the M3) fortunately remain active.

Moreover, knowing that oil is quoted exclusively in dollars and that it represents the basis of our Western economies, we can ask ourselves questions about what the future holds ...

Some definitions in economics and in the sector banking and financial.

The FED website:

Source of the article

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