Money Supply – September 2008

The final money supply data for September indicates that the US money supply did not grow as much as we expected based on data provided during the month of September. The annual growth has barely exceeded 3%. It has grown to $1.93 trillion. However, the deflationary tendency cannot yet be considered as broken, further corrections in asset, commodity, consumer prices and a further strengthening of the dollar can be expected, unless the money supply growth once again increases this month.

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