A Summer Dip For The Monetary Base
Posted on August 07, 2012 at 10:20 AM EDT
For the first time since late-2010, the monetary base in the U.S. has been contracting on a year-over-year basis as of this past June. Does that represent a significant change for assessing risk in the outlook for the business cycle? Possibly… if the contraction rolls on. [More...]
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