Alex’s Notes: Ok, one more quip about inflation and then Ill stop. For today.

• The People’s Bank of China is rumored to want money-supply growth of 15% per year, down from the current 18% plus;
• India’s broad M3 money-supply is rising 22.4% per year;
• Singapore’s money-supply increased by 14% in 2007;
• Britain’s broad M4 measure of money has expanded by 12.3% since Jan. ‘07;
• Western Europe is “enjoying” monetary inflation of 11.5% per year, three times the central bank’s target;
• Last year saw 16% money-supply growth in Australia, 13% in Canada, and 22% in Saud Arabia;
• The US money-supply – if the Fed still reported M3 – is now guess-timated to be showing 15% annual expansion.

An excerpt from: http://www.dailyreckoning.com.au/inflation-recession/2008/02/11/

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