Kevin Spires, CFA, FRM
M1 growth rates continue to decelerate. The M/M growth rate is 3.53% (All figures Seasonally Adjusted Annual Rates or SAAR). The Q/Q growth rate is 5.58%, while the Y/Y growth rate is still quite frothy at 16.72%
The downward trend has been in place for months with no clear bottoming in sight.
The downward trend has been in place for months with no clear bottoming in sight.
M2 growth has followed a similar path, but has seen a bit of stabilization over the past month. The M/M growth rate is 7.80% - higher than the Q/Q growth rate of 4.99%, but still lower than the healthy Y/Y growth rate of 9.57%
If the M2 growth rate can rebound in the absence of further quantitative easing then the economy is probably a lot stronger than the gloomier economists are projecting.
If the M2 growth rate can rebound in the absence of further quantitative easing then the economy is probably a lot stronger than the gloomier economists are projecting.
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