Tuesday, 28 October 2014

Update: Overall "Monetary Stimuli" and The Reserve Ratio

Following on from the short note posted a couple of weeks ago, the growth rate in the overall monetary "stimuli", measured as the combined growth rate of Fed assets and the money supply, has now fallen below the 10.4% long term average since December 2003 to 9.6%.

Meanwhile, the reserve ratio for U.S. banks declined from 99.2% previous week to 97.8% this week.