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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: IQBAL LATIF who wrote (44944)11/4/2003 4:11:33 PM
From: IQBAL LATIF  Respond to of 50167
 
Money Zero Maturity- The looming bearish factor that one needs to look at.. <<Money - Zero Maturity showed the largest monthly contraction>>
Description: The Federal Reserve Bank of St. Louis' measure of money stock including currency in circulation, demand and other checkable deposits and institutional money funds. MZM differs from M1 in that it includes "sweep" accounts (institutional money funds).
Scenario: Money stock that is neutral or rising under 10 percent is bullish, money stock rising more than 10 percent or contracting (under zero percent) is bearish.
BullandBearWise Index Weight: 2 (Medium
BullandBearWise News Alert
--November 4 2003--
A week ago I noted Money - Zero Maturity showed the largest monthly contraction since 1995. Upon further study, M3 money supply shows the greatest 3-month contraction since the Federal Reserve started keeping monthly records (1959).
Here are the top ten 3-month contractions:
3-months ended Change
September 2003 -1.728%
January 2003 -1.475%
November 2001 -1.119%
November 1979 -1.083%
August 2001 -1.027%
January 1969 -0.876%
February 2000 -0.866%
February 1970 -0.866%
February 1982 -0.860%
April 1980 -0.810%
Siegfried "Peter" Duray-Bito