Wednesday, April 21, 2010
Money Money + Money --> Money supply update
Money supply figures continue their decline on an abolute and/or relative basis depending upon how you measure it. M2 + Institutional Money Market Funds (the only series left from M3) continues declining on a year over year basis, M2 on its own continues to decelerate. Once the MBS purchases by the Fed finally settle I think the first derivative will continue to decline on both series.