M3 and the American success American companies lacked cash until the late 1990s. Indeed, the aggregate M3-M2 totaled cash to less than 20% of GDP, Figure 1: http://s3.archive-host.com/membres/up/2107676425/20071030US1M123.gif Everything changed at the...
Growth increasingly low Real GDP growth is increasingly weak in the United States as evidenced by the latest figures of monetary aggregates (on Oct. 25). M2-M1 continues to grow in its long trend, Figure 1: http://s3.archive-host.com/membres/up/2107676425/20071026US1M2M1.gif...
The figures of employment just published are misleading: they show a total increase in employment in September which occults the recession. * Indeed, 126,700 jobs were created in September (and also in August) in certain seasonal sectors like: accommodations...
Americans continue to increase their saving: M2-M1 increased at September 27 by 8.74% compared to the previous year, Graph 1: http://s3.archive-host.com/membres/up/2107676425/20071005US1M2M1FED.gif * They increase their saving because they anticipate...
