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The Fed's Plan to Control Interest Rates to Stop the Economic Recovery
M2 is the broadest measure now currently publicly available now in us and it's grown 43 percent in two years. Russell can you explain uh when you say broad money growth what is that m2 and you what is m? i'm strongly in the second camp but as of this morning the market is clearly of the view that the fed can drive rates to a level to destroy equity valuations and destroy growth, he says.