Historical M2 vs M3

Monday, November 14, 2005 | 02:18 PM

Does the more rapid growth of M3 over M2 signify anything ?


M2 Money Stock (non seasonally adjusted)

M2_money_stock_1105

M3 Money Stock (non seasonally adjusted)M3_money_stock_1105


See also:   Changes in M1, M2, and M3 over Time

Monday, November 14, 2005 | 02:18 PM | Permalink | Comments (7) | TrackBack (0)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c52a953ef00d83460615353ef

Listed below are links to weblogs that reference Historical M2 vs M3:

Comments

I think the strange thing is that M3 was such a small part of the money supply for so long! According to the Fed, M3 is M2 plus institutional money funds and certain managed liabilities of depositories, namely large time deposits, repurchase agreements, and Eurodollars.

Since Eurodollars includes dollar-denominated bank accounts held in China, Russia, Saudi Arabia, etc., that is probably a big and growing component. The growth of the repo market is another. According to this article:
http://www.atimes.com/atimes/Global_Economy/GI29Dj01.html
the repo market is the "biggest financial market today". I always thought it was currencies though.

Posted by: Andy | Nov 14, 2005 5:33:36 PM

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner