Sunday, 12 July 2009

Money supply and consumer credit in the US

A couple of charts from the Fed's FRED2 database that seem interesting:


(1) Is the broader money supply (M2) starting to stagnate following the large expansion in the monetary base at the end of 2008?


(2) Is it the effect of the deleveraging of the US consumer that is now being felt in the monetary aggregates?




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