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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: patron_anejo_por_favor who wrote (46444)12/2/2005 5:05:03 PM
From: russwinter  Respond to of 110194
 
This last month's trend in the non M1 component of M2 is signalling trouble. I use this for transactional purposes, as it should grow based on real estate activity. In otherwords as inflated housing is resold, new credit cashes out the seller, and this appears in this monetary aggregate. The flatness is ominous, compare equivilent point of each month.

2005-07-18 5190.6
2005-07-25 5165.3
2005-08-01 5189.3
2005-08-08 5187.6
2005-08-15 5183.3
2005-08-22 5181.5
2005-08-29 5168.4
2005-09-05 5204.5
2005-09-12 5224.1
2005-09-19 5241.5 (compare)
2005-09-26 5224.8
2005-10-03 5225.7
2005-10-10 5253.9
2005-10-17 5288.4 (compare), still growing
2005-10-24 5259.7
2005-10-31 5248.8
2005-11-07 5289.2
2005-11-14 5275.5
2005-11-21 5264.8 (compare) stalling

This may be why: real estate lending:

10/12/2005 2846.6
10/19/2005 2843.8
10/26/2005 2850.9
11/02/2005 2847.9
11/09/2005 2858.3
11/16/2005 2853.8
11/23/2005 2863.1