Money Supply Update (23 Feb-17)

The money supply y/y growth rate (TMSS, black line) was largely unchanged from last week. The money supply growth excluding savings deposits (TMSS-S, blue line) on the other hand fell to the lowest level recorded for more than a year.

Y/Y percentage change last 20 weeks. TMSS = the short version of the True Money Supply which excludes the last three components of the True Money Supply, TMSS-S = TMSS minus savings deposits):

	TMSS	TMSS-S
2016-10-05	10,6	22,9
2016-10-12	11,3	21,6
2016-10-19	11,8	20,1
2016-10-26	11,7	20,2
2016-11-02	11,0	21,0
2016-11-09	10,2	17,4
2016-11-16	10,2	17,1
2016-11-23	10,5	15,5
2016-11-30	9,5	13,7
2016-12-07	9,2	16,3
2016-12-14	8,7	11,2
2016-12-21	8,6	8,6
2016-12-28	8,4	8,3
2017-01-04	8,3	8,6
2017-01-11	8,7	11,7
2017-01-18	9,0	11,1
2017-01-25	8,6	9,1
2017-02-01	7,6	10,2
2017-02-08	7,9	8,9
2017-02-15	7,9	7,3

Also see my latest article published on Seeking Alpha:

The Money Cycle, Stock Market, And The Return Of The Inflation Premium - This Chart Is Off The Scale