Daily Archives: June 11, 2013

Mint Money Supply Digest

The Mint Money Supply Digest for June 11, 2013

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6/11/2013 Portland, Oregon – Pop in your mints…

Here at The Mint we have been invited to take part in a summer ritual dating back to 1887, one which we have abstained from participating in for one reason or another for twelve years:  Softball.

We began what was a reintroduction to the ritual last night in a double header.  There was much familiar and generally a good time was had by all.  What was unfamiliar was the unexpected mind/body dynamic that took place as we laced up the cleats, grabbed our glove, and pulled our hat down.

As we trotted out to center field, a position chosen entirely at random as time constraints forced our team to tacitly choose positions on the fly, our mind took a trip back some 20 years to our high school baseball days.  Unfortunately, our body, which must deal with reality, did not make the trip.

The Georgia Peach in a 1910 photo Courtesy of the George Grantham Bain Collection (Library of Congress)
The Georgia Peach in a 1910 photo Courtesy of the George Grantham Bain Collection (Library of Congress)

What followed was a series of misguided exertions and poorly judged balls that passed for softball only by virtue of our dress and physical location.  While we avoided striking out, the results were far from optimal.  With every successive exertion, our already limited range in the position made famous by Ty Cobb, Mickey Mantle, and Willie Mays, became even more limited while the range perceived by our 17 year old mind grew to that exercised by the Georgia Peach himself.

Towards the end, we found ourselves playing just a shade off the infield and found ourselves in a number awkward instances where we were unnecessarily obligating ourselves to replicate Mays’ famous Catch with quite different results.

However, today is another day and brings another double header with it.  How will it turn out?  Fortunately, our body is only beginning to seize up and we should avoid the full physical consequences of last nights folly until at least tomorrow.

The M1 money supply is racing upwards once again after a dramatic drop over the past two weeks.  Equities, Fixed Income, and Gold are beginning to exhale, which means an inordinate amount of dough is set to run through a supermarket near you.

To make matters worse, or better, depending upon your preference for more Quantitative Easing on the part of the FED, the BLS (sans L) Unemployment rate ticked up to 7.6%, virtually ensuring that the program will remain in place.  Despite recent speculation of a taper, QE is the only thing standing between the big banks and insolvency.

Stay tuned and Trust Jesus.

Stay Fresh!

David Mint

Email: davidminteconomics@gmail.com

Key Indicators for June 11, 2013

Copper Price per Lb: $3.19
Oil Price per Barrel:  $95.25
Corn Price per Bushel:  $6.59
10 Yr US Treasury Bond:  2.19%
Mt Gox Bitcoin price in US:  $106.99
FED Target Rate:  0.11%  ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce:  $1,378 THE GOLD RUSH IS ON HOLD FOR THE SUMMER!
MINT Perceived Target Rate*:  0.25%
Unemployment Rate:  7.6%
Inflation Rate (CPI):  -0.4%
Dow Jones Industrial Average:  15,171
M1 Monetary Base:  $2,585,400,000,000
M2 Monetary Base:  $10,489,300,000,000

 

Strategy

U.S. Naval Update Map: June 6, 2013 | Stratfor

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The private intelligence firm Stratfor publishes a weekly report on the positioning of US Naval assets using non-classified, open source information available to the public.  While this week’s report does not appear to contain any surprises, they can provide valuable insight into the movements of the primary means by which the United States projects its military power across the globe.

The complete report and graphic are republished here with permission of Stratfor:

U.S. Naval Update Map: June 6, 2013

U.S. Naval Update Map: June 6, 2013
U.S. Naval Update Map: June 6, 2013 is republished with permission of Stratfor

The Naval Update Map shows the approximate current locations of U.S. Carrier Strike Groups and Amphibious Ready Groups, based on available open-source information. No classified or operationally sensitive information is included in this weekly update. CSGs and ARGs are the keys to U.S. dominance of the world’s oceans. A CSG is centered on an aircraft carrier, which projects U.S. naval and air power and supports a Carrier Air Wing, or CVW. The CSG includes significant offensive strike capability. An ARG is centered on three amphibious warfare ships, with a Marine Expeditionary Unit embarked. An MEU is built around a heavily reinforced and mobile battalion of Marines.

Carrier Strike Groups

  • The USS Dwight D. Eisenhower CSG with CVW 7 embarked is conducting missions supporting Operation Enduring Freedom, maritime security operations and theater security cooperation efforts in the U.S. 5th Fleet AOR.
  • The USS Nimitz CSG with CVW 11 embarked is conducting maritime security operations and theater security cooperation efforts in the U.S. 7th Fleet AOR.
  • The USS Carl Vinson is underway in the Pacific Ocean for routine training.
  • The USS Harry S. Truman CSG with CVW 3 embarked is conducting a sustainment exercise in the Atlantic Ocean in preparation for an upcoming deployment.

Amphibious Ready Groups/Marine Expeditionary Units

  • The USS Kearsarge ARG with the 26th MEU embarked is underway in the U.S. 5th Fleet AOR supporting maritime security operations and conducting theater security cooperation efforts.
  • The USS Wasp is underway in the Atlantic Ocean for routine training.

U.S. Naval Update Map: June 6, 2013 is republished with permission of Stratfor

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