Money Supply – December 2009 – Early Double Dip Recession Signs?

money-supply-december-2009

The true money supply has grown to $2,232 billion in December 2009.

The annual growth rate has now slowed down to 3.2%:

money-supply-growth-december-2009

A sustained drop below 3% is most of the time a good recession indicator. Given that we are still in a recession which may be declared over soon, this may be just another indicator of the coming double dip recession, as I have outlined a few days ago.

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