Thursday, September 4, 2014

M6 up 0.9%


M6 for August

M6 07/31/14 08/31/14
MZM 12,677.0 12,669.5
Public Debt 12,645.6 12,732.6
Fed Owned -2,420.3 -2,435.9
G37 stocks 8,424.7 8,637.6

31,327.0 31,603.8

100.88%

M6 is my proprietary measurement of money supply.  We want it to go up at 0.5% per month so this is slightly high.  I changed the formula slightly to use MZM instead of M2, and to add more stocks to the list.  

I think this indicates that inflation is here, and the Fed should raise rates slightly.

No comments:

Post a Comment