The short version of the Austrian True Money Supply (SVTMS) for the U.S. decreased by 1.14% (44.87% annualised) during the most recent week ending 28 April 2014 to hit $10.0100 trillion. The money supply is calculated from the latest data published by the Federal Reserve.
At 8.18%, the 1-year growth rate dropped slightly from last week and was also slightly below the 8.24% 52 week average. Though the growth rate has stabilised somewhat during the last few months, it remains stuck in a downward trend.
The 5-year annualised growth rate dropped to 10.67%, the lowest growth rate since week ending 30 July 2012 and 74 basis points lower than one year ago. This week represented the 22nd week in a row with a declining growth rate compared to last year (see the line in the chart below).
Most growth rates continue to be lower than a year ago. The 7-, 20- and 30-year growth rates (ignoring the short term growth rates) are the exceptions. The 20-year annualised growth rate remains stable around the 7.50% mark, or 60 basis points higher than the long term average of 6.90%.
Visit the "Austrian" True Money Supply archive here.
At 8.18%, the 1-year growth rate dropped slightly from last week and was also slightly below the 8.24% 52 week average. Though the growth rate has stabilised somewhat during the last few months, it remains stuck in a downward trend.
The 5-year annualised growth rate dropped to 10.67%, the lowest growth rate since week ending 30 July 2012 and 74 basis points lower than one year ago. This week represented the 22nd week in a row with a declining growth rate compared to last year (see the line in the chart below).
Most growth rates continue to be lower than a year ago. The 7-, 20- and 30-year growth rates (ignoring the short term growth rates) are the exceptions. The 20-year annualised growth rate remains stable around the 7.50% mark, or 60 basis points higher than the long term average of 6.90%.
Visit the "Austrian" True Money Supply archive here.
