That money is going to go somewhere, and somewhere I read a funny thing about a situation where you have lots of money chasing too few good and services. I forget what that economic term is, however.
BTW, is that just for the region around St. Louis Missouri? That is a whole lot of money getting poured into what is mostly three states and smaller portions of just four others. That was the size of the entire U.S. economy less than 20 years ago.
I'm having trouble remembering what that term is as well. But here are some pictures that might illustrate what you are describing ... maybe seeing them will will help jog your memory:
http://finviz.com/futures_charts.ashx?t=METALS&p=d1 http://finviz.com/futures_charts.ashx?t=GRAINS&p=h1 http://bit.ly/dWxf9n [NYSE:TIF]
That BASE chart that NoAgenda posted is for the entire Federal Reserve system. The St. Louis Fed is the branch that manages and publishes the nearly 25,000 datasets that are FRED (Federal Reserve Economic Data) and FRED's archives, ALFRED.
The reason it is titled "St. Louis Adjusted Monetary Base" is because it is based on research done in-house by the St. Louis Fed's own economic research team. Most of the data compiled in FRED datasets are produced outside the Fed.
Take the GDP, for example, which is reported by the Dept. of Commerce's BEA. The St. Louis Fed staff adds the data to FRED and ALFRED, and provides access to the time series data (.TXT, .XLS and .CSV versions):
http://research.stlouisfed.org/fred2/categories/18/downloaddataas well as to charts for the data. Here's Real GDP.
http://research.stlouisfed.org/fred2/series/GDPCA?cid=106 http://api.stlouisfed.org/docs/fred/ http://en.wikipedia.org/wiki/Federal_Reserve_Economic_Data http://research.stlouisfed.org/fred2/releases/calendar http://luna.pepperdine.edu/faculty/mkinsman/Datasources.html#economics
