M3 Seasonally adjusted

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We’ve been talking about Money Supply quite a bit lately.

Mark Hulbert makes the case that, sans seasonal adjustments, the Money Supply uptick peaked in March, not May.

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The year over year monthly comparisons would have to also be without seasonal adjustments. (‘ll look for the raw data later this week).

Hmmmm. This may be worth exploring further . . .

Source:
Sausage, legislation and M3
By Mark Hulbert
CBS.MarketWatch.com, 12:05 AM ET June 15, 2004
http://cbs.marketwatch.com/news/story.asp?guid=%7BC52B30BE%2D3F2A%2D446F%2D8695%2DFDC698F5494D%7D&siteid=mktw

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  1. Mike commented on Jun 15

    Here is an interesting counterpoint on the topic of not only money supply, but also inflation.

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