tag:blogger.com,1999:blog-3758330678390419129.post332054601430189587..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: ALERT: M1 nsa Money Growth CollapsesRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3758330678390419129.post-12412655232887926302009-01-31T16:56:00.000-05:002009-01-31T16:56:00.000-05:00Incidentally, if you just look at the actual (biwe...Incidentally, if you just look at the actual (biweekly I think) <A HREF="http://research.stlouisfed.org/fred2/fredgraph?s%5B1%5D%5Bid%5D=WM1NS" REL="nofollow">graph</A>, M1 actually collapsed. (I.e. your 3-month smoothing is blending the huge spike and now the collapse.)<BR/><BR/>I don't know what to make of this. In conjunction with the Fed's declining balance sheet, I hope it means Bernanke Bob Murphyhttps://www.blogger.com/profile/04001108408649311528noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-34787260911116341242009-01-30T08:54:00.000-05:002009-01-30T08:54:00.000-05:00Not necessary, I don't think the correlations are ...Not necessary, I don't think the correlations are that exact. <BR/><BR/>More like we will be able to look back as economic historians and began to see different datapoints start to turn positive.<BR/><BR/>And, remember as I pointed out, this is just one week of data, so it's not like you should sell the farm and bet everything that a turnaround will be obvious, on say, February 3.Robert Wenzelhttps://www.blogger.com/profile/12653378186315529211noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-293897579342951252009-01-30T03:00:00.000-05:002009-01-30T03:00:00.000-05:00And just to be clear, you think unemployment is go...And just to be clear, you think unemployment is going to drop over the next two months (say)?Bob Murphyhttps://www.blogger.com/profile/04001108408649311528noreply@blogger.com