Euro zone money supply as measured by TMS is currently showing a year over year rate of increase of 6.3%, not as high as in the U.S., and clearly down from recent double digit highs, but still a healthy rate of monetary inflation.

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Like so much of the nonsense these groups put out, this scenario is irrelevant, given that the most promising areas of the Marcellus lie outside of the recharge zone for this water supply.

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In the year to December, the broad measure of money supply fell by 0.2% in the euro zone and grew by just 3.4% in America.

ECONOMIST: Buttonwood

Over that period sales from the Core Zone represented approximately 6 percent of world rough diamond supply by value.

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Money-supply growth still looks sluggish in Britain, Japan and the euro zone (see chart).

ECONOMIST: Buttonwood: Pausing for breath | The