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To: waverider who wrote (96635)4/2/2001 11:43:37 PM
From: Jon Koplik  Read Replies (2) | Respond to of 152472
 
Re : money supply growth / financial asset growth -- I do not have readily available a nice, tidy chart of everything you and I would like to see.

But, I am sure it is "in there somewhere" if you start with the Board of Governors of the Federal Reserve website :

federalreserve.gov

(or -- possibly in the St. Louis Fed's website) (available @ the Board of Gov ... website)

But ... I am pretty sure that money supply (some or all "aggregates") actually FELL roughly 33% during the period around 1929 - 1933 (or maybe it was just 1931 - 1933).

Also, money supply went up sharply in late 1999 (due to worries about Y2K), and then fell sharply for a while in early 2000.

If you just assume that securities prices follow money supply with a bit of a lag, all three of these periods did do what one would have guessed.

Lately, M2 and M3 are growing at around a 12% to 14% or so annual rate (quite fast ...)

Jon.