The short version of the Austrian True Money Supply (SVTMS) for the U.S. increased by 0.50% (29.94% annualised) during the most recent week ending 31 March 2014 to reach $10.0720 trillion calculated from the latest data published by the Federal Reserve.
The 1-year growth rate in the money supply fell fairly significantly this week to 6.95% from 8.06% last week, the lowest for 12 weeks. The downward trend in the 1-year growth rate hence continues.
The 1-year growth rate in the money supply fell fairly significantly this week to 6.95% from 8.06% last week, the lowest for 12 weeks. The downward trend in the 1-year growth rate hence continues.
The 12-month smoothed growth rate as a result also fell. At 8.40% it was the lowest since June 2009. At 8.40%, it is now also below the 8.47% long term average. The growth rate has now declined consistently, every single week, since May 2012. Though the growth rate is still significant, a mere slowing down in the growth rate can be very bad news for the stock market.
