05 March 2016

A major crash is on the cards this year

The Dow is at a two-month high, oil prices are much above their recent lows, and job creation in the US has outdone all expectations. Unfortunatey, the monetary data remain as gloomy as ever.

The Year-on-Year growth of Corrected Money Supply was 2.9% on 1 January 2016, the first reading after the rise in the Fed Funds Rate in December 2015. The data for previous months have been revised. Our last post in December showed money growth at 2.8% in October. That has now been revised to 3%. But growth is still falling steadily though at a slower pace.

If the fall continues we may expect a major crash in asset markets by the end of this year.

My book Macroeconomics Redefined explains how Corrected Money Supply is defined.


Category: Economics


Philip George
Debunker of Keynesian, monetarist and Austrian economics

Buy my new ebook
Contact Me
Categories
Books
Communism
Economics
Google
Income-Tax
Internet
Kerala
Mathematics
Miscellaneous
Mobile-Sites
Science
Search-Engines
Archives
December 2016
October 2016
August 2016
July 2016
April 2016
March 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
June 2015
May 2015
February 2015
November 2014
October 2014
August 2014
May 2014
April 2014
December 2013
October 2013
July 2013
May 2013
January 2013
November 2012
October 2012
August 2012
July 2012
June 2012
May 2012
March 2012
February 2012
January 2012
December 2011
November 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
August 2010
October 2009
May 2009
June 2008
March 2008
February 2008
January 2008
December 2007
August 2007
June 2007
May 2007