The recent pick-up in money growth is a welcome sign that banks are finally beginning to use their excess reserves to make money-creating loans and investment.
As in four recent periods when share prices rose even as inflation increased, the pick-up in prices should be welcomed as a sign that an economy that was showing worrying signs of weakness is recovering, and not of the central bank losing its grip.
The number of Americans seeking unemployment benefits fell last week to the lowest level in five years, a positive sign that layoffs have fallen and hiring may pickup.
But former Belgian Prime Minister Guy Verhofstadt, who now sits as an MEP, said Britain was trying to have a "Europe a la carte" where it could "pick and choose" which parts of the union to signup to.
With all the new bells and whistles--and generous subsidies from phone companies hoping to signup new customers and upgrade old ones--sales of mobile phones are starting to pickup after two years of stagnation and could jump 15% next year.
General manager Buddy Nix said at the team's predraft luncheon that the Bills are hoping to sign Byrd to a multiyear deal, but Nix doesn't know when talks will start to pickup.