Friday, July 24, 2009

Money Supply Update

Three month annualized money growth continues negative.

Over the last three months the M2 nsa money supply measure had declined, i.e., the money supply is shrinkingIf this ontinues, we are headed for a major crash.

On April 20, M2 nsa stood at 8402.0 million, as of July 13, it declined to 8347.3 million.

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