Friday, November 9, 2012

M4 up 1.35% in October

Oct. 31 2012 Monetary Supply:

M2 (as of 10/29/12): 10257.3
Public Debt (as of 10/31/12): 11411.5
Less Owned by Fed (as of 10/25/12):  -1652.2
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Total Monetary Supply (as of 10/31/2012):  20016.6   

I am now calling this number M4, for back of a better term.  The total on 9/30/2012 was 19749.4,
so this is up 267.2, or 1.35% in October (up from 0.30% in September).  This is a lot for only 1 month, and in normal circumstances we would be seeing price inflation. 

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