As per data provided for 10/20/08, The money supply has grown by more than 6% since October 2007 to now $1.96 trillion.
Friday, October 31, 2008
Money Sypply Watch - 10/20/08
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2 comments:
The other side of the coin is the tremendous asset price deflation in housing and stocks.
But this asset price deflation is nothing new. It started in housing around February 07. About 1 year after money supply growth had dropped below 3% (http://nimamahdjour.blogspot.com/2008/04/recessions-and-true-money-supply.html)
After that it began to permeate one by one: Stock prices, commodity prices, foreign exchange prices. This is where we are now. A new spike in the money supply, if sustained, will not have an immediate adverse effect. But it will have an effect eventually.
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