Friday, 19 December 2014

The Short Version of the "Austrian" True Money Supply (TMS), as of 8 December 2014

The short version of the Austrian True Money Supply for the U.S. increased 0.51% on last week for the week ending 8 December 2014. At $10.5434 trillion, a new high, the money supply is now up $660.1 billion, or 6.68%, year to date.

The 1-year growth rate increased from 7.11% last week to 7.21%.

The growth rate was 30 basis points lower than one year ago and was, ignoring week ending 15 September this year, the 128th week in a row with a declining growth rate.

The 5-year annualised growth rate remains high and well above the longer term average, but it was again lower than 10% for the third consecutive week. The growth rate also continues to lag the growth rate from one year ago, falling for the 54th week in a row. The falling growth rate compared to a year ago has however slowed somewhat in recent weeks.