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Off topic, if you have enough time can you please post a link for a good definition for M2 so I can see exactly what in there. Also, if I remember correctly, Mike keeps track of some form of money supply can you post a link to that as well.
From — FRBNY The money supply measures reflect the different degrees of liquidity — or spendability — that different types of money have. The narrowest measure, M1, is restricted to the most liquid forms of money; it consists of currency in the hands of the public; travelers checks; demand deposits, and other deposits against which checks can be written. M2 includes M1, plus savings accounts, time deposits of under $100,000, and balances in retail money market mutual funds.
Wikipedia has a chart breaking out the M's in the US. There is explanation and links for non-US measures, too.
Charles has always struck me as an, in some ways, unfortunate person. While seeming quite intelligent, and holding interesting views on substantive issues, he seems to get little positive feedback for expressing himself thereupon. It is as if the English and the world would like him better if he only interested himself in golf, fly fishing or perhaps fine dining and super-models. Some of the comments are amazing: "He should abdicate and stand for election." Jeez. Come on Charley, you'd better watch some Wooster and Jeeves so you can learn how you should be acting.
3 comments:
Tom,
Off topic, if you have enough time can you please post a link for a good definition for M2 so I can see exactly what in there. Also, if I remember correctly, Mike keeps track of some form of money supply can you post a link to that as well.
TIA
From — FRBNY
The money supply measures reflect the different degrees of liquidity — or spendability — that different types of money have. The narrowest measure, M1, is restricted to the most liquid forms of money; it consists of currency in the hands of the public; travelers checks; demand deposits, and other deposits against which checks can be written. M2 includes M1, plus savings accounts, time deposits of under $100,000, and balances in retail money market mutual funds.
Wikipedia has a chart breaking out the M's in the US. There is explanation and links for non-US measures, too.
Charles has always struck me as an, in some ways, unfortunate person. While seeming quite intelligent, and holding interesting views on substantive issues, he seems to get little positive feedback for expressing himself thereupon. It is as if the English and the world would like him better if he only interested himself in golf, fly fishing or perhaps fine dining and super-models. Some of the comments are amazing: "He should abdicate and stand for election." Jeez. Come on Charley, you'd better watch some Wooster and Jeeves so you can learn how you should be acting.
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