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FRED GOODMAN'S KEY INDICATORS
FOR INVESTMENT SUCCESS
"The Federal Reserve System can do one thing -- it has one exclusive power: It can at will, and with almost no delays, control the nominal quantity of base money. Control of base money is at one remove control of all other forms of money -- demand deposits, NOW accounts, Automatic Transfer Services (ATS), travelers' checks, and any other spendable media. While this power is profound, it is not a means to control interest rates, employment, real growth, or any other real variables in the economy. It is only a power that allows the Fed, if it will, to maintain a fairly stable level of prices. This goal is not the be-all and end-all of a stable economic policy, but it is the best that any central-banking institution can aspire to. When the Fed pretends otherwise in its vain attempts to control real factors, it initiates problems that subsequently become concerns for the next episode of policy."
Fred Goodman, CFP, is a fee-only Certified Financial Planner based in Los Angeles. You can send him your questions and comments via email at Fred@MarketMonograph.com. The charts and commentary represent what Fred is thinking about the market and thinking of doing for his own account and for accounts he manages. There is no guarantee that you will profit from trading as discussed herein. You may lose money and Fred assumes no responsibility for what you do or do not do with this information. 
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