| M6 | 03/31/14 | 04/31/14 |
| M2 | 11,149.5 | 11,191.30 |
| Public Debt | 12,616.9 | 12,493.70 |
| Fed Owned | -2,311.5 | -2,350.30 |
| G30 stocks | 7,128.9 | 7,242.60 |
| 28,583.8 | 28,577.3 | |
| -0.02% |
M6 is down slightly, but it is so close and there are so many uncertainties that it is a statistical dead heat. I don't think anybody reads this blog, and I write it for my own enjoyment. But in case anyone is reading this and is curious, M6 is my own measure of the money supply. I include stocks because they serve somewhat like money, being easily liquidated (unlike real estate). Also, QE goes into stocks. And when stocks decline, there is a tendency to counterbalance this by growing the national debt. I would include corporate bonds if I could find a way that makes sense. Ideally, you would want M6 to grow about 0.5% per month, but one month of flatness doesn't really mean anything. The biggest reason this was flat was because of people paying their taxes, which shrank the national debt slightly.
No comments:
Post a Comment