* Central bank keeps low-interest policy Sep 25, 2009
Perng said he saw no need to raise the banks targets for the M2, the broadest measurement of money supply, which gained 8 ... The government expects the M2, which includes the M1B, time deposits, time savings deposits and foreign currency deposits, to expand between 2 ... Yen Tzung-ta (Yvj), head of the central banks economic research department, said M2 growth after seasonal adjustment stood at 6. (Taipei Times, Taiwan -- World)
HSBC bids farewell to dollar supremacy... Sep 25, 2009
" John, it's not "amazing" you know so little. Read about the Federal Reserve, there in lies the problem. Rob Illz on September 24, 2009 at 08:20 PM Libssuck, You are correct about the Dems having fault with the economy. It is their policies that over a few decades have finally taken the US down via Fanny and Freddie. But remember back in 94 and 96 the Republicans had brought this issue up in committee. They wanted changes to the policies because these institutions were on the verge of collapse.... (The Drudge Report)
Goldman's Tilton Says Fed Has Time to Shrink Balance Sheet as Credit Slows Sep 23, 2009
More important is that every measure of money and credit, including the M2 money supply, commercial bank credit and total domestic debt, is now decelerating and will probably continue to slow into 2010 as banks limit lending, Tilton said. The low point in the number of banks saying they are willing to make consumer loans occurred in the fourth quarter of 2008, Tilton said the Feds survey of senior loan officers showed. (Bloomberg)
China economy surprisingly strong; policy intact Sep 11, 2009
Investment growth also picked up a touch, and annual growth in the broad M2 measure of money supply rose to a record-high 28. 5 percent. (Yahoo News -- Press Releases)
China's Recovery Strengthens as Industrial Production, New Lending Advance Sep 11, 2009
Peoples Bank of China figures showed today that M2, the broadest measure of money supply, rose by a record 28. 53 percent, as the central bank maintained a moderately loose policy stance. (Bloomberg -- Asia)
Money-supply data: Narrow success, broad concerns Sep 9, 2009
4% in the 12 months to July, while M2, which also includes savings accounts, rose by just 8. 1% over the same period. (The Economist)
500k waiting for houses Sep 8, 2009
" Lekgoro said they continued to address the plight of hostel dwellers in Alexandra through the townships renewal project. The construction of 282 new houses was underway to accommodate all residents of the M2 hostel. A total of 204 units had been completed and occupied to date. "This financial year we will complete the balance and then demolish the hostel. Work is in process for M1 and Helen Joseph hostel. (iAfrica.com)
Is America still depression-proof? Sep 1, 2009
In fact, during 2008, the money supply (M2) grew every month and 9 percent for the year. Clearly, monetary contraction isn't the only source of instability in the economy. (Christian Science Monitor)
Big spending Fed's balance sheet tops $US2tn Aug 21, 2009
The Fed also said the M2 money supply fell by $US5 ... That left M2 growing at an annual rate of 8 ... M2, the more widely followed, adds savings and private holdings in money market mutual funds. (Sydney Morning Herald -- Business)
C905a cameraphone Aug 14, 2009
These photos and videos will take up a lot of space, but users can expand the phone's 120 of internal memory via the Micro M2 stick. Sony Ericsson's latest handset can be used for more than just pictures though, as it comes with a Web browser, is compatible with Exchange ActiveSync, and comes with Bluetooth. (InformationWeek)
China July new lending slows to 355.9 bln yuan Aug 12, 2009
The broad measure of money supply, M2, which covers cash in circulation and all deposits, rose 28. 42 percent year on year to 57. (Xinhuanet, China)
What the Fed Could Do If Inflation Ramps Up Aug 11, 2009
M2, the broad measure of the money supply and the one that has the clearest relationship to nominal gross domestic product growth, slowed to a 5. 4% annual rate in the first six months of 2009 after jumping at a 12. (BusinessWeek)
Even China faces meltdown Aug 6, 2009
The excess money in the system, with M2 money supply up 28. 5% in the year to June, also suggests that a price explosion cannot be far away. (Asia Times Online)
Public Information Notice: IMF Executive Board Concludes Article IV Consultation with Brazil Jul 29, 2009
Free Email Notification. Receive emails when we post new items of interest to you. (IMF News)
The Conference Board Leading Economic Index(TM) (LEI) for the Euro Area Continues to Recover Jul 27, 2009
Economic Sentiment Index (source: European Commission DG-ECFIN) Index of Residential Building Permits Granted (source: Eurostat) Index of Capital Goods New Orders (source: Eurostat) Dow Jones EURO STOXX(R) Index (source: STOXX Limited) Money Supply (M2) (source: European Central Bank) Interest Rate Spread (source: ECB) Eurozone Manufacturing Purchasing Managers' Index (source: Markit Economics) Eurozone Service Sector Future Business Activity Expectations Index (source: Markit Economics). For... (PR Newswire)
QCR Holdings, Inc. Announces Earnings for Second Quarter of 2009 Jul 25, 2009
The Company also engages in commercial leasing through its 80% owned subsidiary, m2 Lease Funds, LLC, based in Milwaukee, Wisconsin. Special Note Concerning Forward-Looking Statements. (Primezone Releases)
Awash in nonsense Jul 22, 2009
4 billion, whereas the M2 money supply is about $8. 3 trillion (nine times larger) and (saving the best for last) the M3 money supply, which counts everything that can possibly be construed as "money" in the most liberal sense and making all kinds of assumptions, is almost $15 trillion, as close as anyone has been able to figure out, meaning that the money supply, at least as measured by M3, is now larger than the economy of USA. (Asia Times Online)
'Knockout Fight Club' Inaugural Event to Be Held at M2 Ultra Lounge in NYC on August 19th Jul 22, 2009
Knockout Fight Club' Inaugural Event to Be Held at M2 Ultra Lounge in NYC on August 19th - Yahoo ... Knockout Fight Club' Inaugural Event to Be Held at M2 Ultra Lounge in NYC on August 19th ... The venue, M2 Ultra Lounge combines the sexy vibe of a cozy lounge with the non-stop energy of a mega-club. (Yahoo! Wire -- Entertainment News)
Asia reflation movesto the wild side Jul 21, 2009
And I believe the core-to-periphery" flow of funds dynamic (that is, dollar outflows to China, Asia and emerging markets) will fundamentally shape unfolding reflationary dynamics. I view the enormous increase in China's reserves as confirmation both that global speculative flows have been largely rejuvenated and that China and the emerging markets retain the most robust inflationary bias. On the margin, speculative flows will prefer Asia to the US - providing reflationary crosscurrents/headwinds... (Asia Times Online)
Halt Hutton inquisition, urges former BBC chief Jul 17, 2009
Salary Scale M2 29,714 - 32,475 The grade and salary for this post are subject to Job Evaluation. plymouth city council. (Yahoo News -- Hutton Report)
A fine balancing act Jul 17, 2009
The M2 measure of money surged by 29% in the year to June. In fact the risk of high inflation in the near future appears low: Chinese consumer prices fell by 1. (The Economist)
China taps on brakes as money supply surges Jul 16, 2009
M2 growth soars way beyond forecasts as bank loans leap ... The broad M2 measure of money supply grew at a record pace of 28. (The Star Online, Malaysia -- Business)
Free games draw 'em in, then offer pay upgrades Jul 16, 2009
"One of the biggest impacts free-to-play games have had is their ability to draw new consumers into gaming," says analyst Wanda Meloni of M2 Research. "Because they provide a 'zero investment risk,' it lowers the barrier for consumers.". (USA Today -- Tech)
Public Information Notice: IMF Executive Board Concludes 2009 Article IV Consultation with Japan Jul 16, 2009
Video: by Jim Gordon, IMF Mission Chief to Japan. Free Email Notification. (IMF News)
China's forex reserves top $US2tn Jul 15, 2009
M2, the broadest measure of money supply, rose a record 28. 5 per cent in June from a year earlier, the central bank said in the same statement, after a 25. (Sydney Morning Herald -- Business)
China Completes Three-Year Bond Sale After Two Auction Failures Last Week Jul 15, 2009
M2, the broadest measure of money supply, rose a record 28. 5 percent last month from a year earlier. (Bloomberg -- Asia)
Shiny days ahead for silver Jul 11, 2009
042 trillion a year, which be a whopping 40% decrease in the M2 money supply, which would be plenty bad enough if that were the end of it, but this is Fed credit, which is the stuff of legend where it appears as if by magic - poof. - in the books of the banks (although it is not magic that put it there, but the mere whim of Fed chairman Ben Bernanke), which the banks use to lend out gigantic multiples of that increase in credit. (Asia Times Online)
China's $4.1 Billion Auction of Yuan Debt Falls Short on Inflation Concern Jul 8, 2009
M2, the broadest measure of money supply, rose 25. 7 percent, after a record 26 percent gain in April, the central bank said. (Bloomberg -- Asia)
Realignment of Malaysias geopolitical priorities necessary Jul 6, 2009
To boost its growth to close to the 8% target, China is engineering an investment boom fuelled by generous bank lending and a large four trillion yuan (RM2 ... And with money supply M2 growing at 25. (The Star Online, Malaysia -- Business)
* Central bank keeps interest rates low Jun 26, 2009
However, Cheng said the agency should watch out for money aggregates readings now that the broad M2 measure has exceeded its target range of between 2. 5 percent and 6. (Taipei Times, Taiwan -- World)
Nightmarish financial numbers Jun 24, 2009
" This is certainly bad news, although I am always leery of the concept of velocity, as it is just the plug number that makes Irving Fisher's famous equation (MV = PQ) work out, namely that the Money supply times the turnover of the money (Velocity) equals the Quantity of things sold times the Price of those things that were sold. Simple. So since the Money supply (as measured by M2) is growing at almost 9%, Prices overall (as measured by the broad CPI) are not growing very much, and the... (Asia Times Online)
Confed closes roads Jun 21, 2009
Chief Superintendent Wayne Minnaar said the roads will be closed on the M2 freeway at Joe Slovo Drive as well as between Saratoga and Abel roads on the main route. Motorists were advised to drive along the M1 and the M2 to avoid congestion. (iAfrica.com)
Statement on Beyonce Launch Party Cancellation Jun 20, 2009
NEW YORK, June 19 /PRNewswire/ -- The cancellation of the launch party for Beyonce's "I AM..." tour, first scheduled for this Saturday at M2, was a result of a breach of contract by the promoter. Beyonce never had a contract with the club itself and no one in her camp dealt directly with the venue. (Yahoo! Wire -- Entertainment News)
Tennessee Center helps tap into government money Jun 20, 2009
The center has helped businesses such as Sabre Defence Industries, a Nashville firearms manufacturer that was founded in 2002 and now is a leading weapons provider to the U.S. military, supplying barrels for Army M2 Browning. 50-caliber machine guns and Air Force M134 7. (Nashville Business Journal, TN)
Road to bank perdition Jun 19, 2009
And in that regard, the M1 and M2 money supplies are still growing, with M1 up 17% over last year and now hitting $1,596 ... 696 trillion) and M2 up 8% from this time last year, now hitting $8,327. (Asia Times Online)
The Conference Board(R) Spain Business Cycle Indicators(SM) Jun 17, 2009
Positive contributions from stock prices and the order books survey more than offset negative contributions from the capital equipment component of industrial production and the Spanish contribution to Euro money supply (M2) ... The negative contributors -- in order from the largest negative contributor to the smallest -- are the capital equipment component of industrial production and the Spanish contribution to Euro M2. (PR Newswire)
Welcome to the Hyperdepression Jun 16, 2009
When Americans began panicking and pulling their money out of the banks, the overall quantity of money (measured by aggregates such as M1 or M2) fell sharply, declining by about a third from 1929 to 1933. 2009 Ludwig von Mises Institute. (The American Conservative)
LL Cool J Hosts Fashion Delivers' Second Annual Pay It Fashion Forward Event on June 18 Jun 5, 2009
NEW YORK, June 4 /PRNewswire/ -- On June 18, 2009, Fashion Delivers will host the second annual Pay It Fashion Forward event at New York City's hotspot M2 beginning at 7:30 p.m. where five fashion industry vanguards will be honored for their positive influences on their communities and the environment. The brands selected this year include I/DENTI/TEE, LINDA LOUDERMILK, PHILANTHROPIST and CHLOE JO BERMAN. Additionally, the JONES APPAREL GROUP was selected for distinction as a company for its... (Yahoo! Wire -- Entertainment News)
Mobius Says Global Money Supply to `Explode,' Lift Emerging-Market Stocks Jun 5, 2009
The Fed said its M2 gauge of money supply, which includes all currency held by consumers and companies for spending, money held in checking accounts and travelers checks, savings and private holdings in money-market funds, rose at a 9 percent annual rate in the week ended May 18, above the target of 5 percent the Fed once set for maximum growth. The central bank no longer has a formal target. (Bloomberg -- Canada)
Mario's Run Out of Coins Jun 4, 2009
But the game industry has fired nearly 12 percent of its work force since last July (8,450 folks), according to Wanda Meloni, an analyst at M2. There may be more to come, too. (Slate)
* Monetary aggregates continue expansion May 26, 2009
The nations monetary aggregates continued to expand by a wide margin last month with the M1B reading outgrowing the broader M2 measure for the first time in six years on active stock trading and capital inflows, the central bank said yesterday ... The M2 gauge, which includes M1B and time deposits, time savings deposits and foreign currency deposits, advanced 6. (Taipei Times, Taiwan -- Business)
Just the facts May 19, 2009
M2 (narrow) "money" supply rose $18. 9 billion to $8. (Asia Times Online)
Press Release: IMF Executive Board Completes First Review Under Serbia's Stand-By Arrangement and Increases Financial Support to 2.9 Billion May 16, 2009
Press Release: IMF Executive Board Completes First Review Under Serbia's Stand-By Arrangement and Increases Financial Support to 2. Free Email Notification. (IMF News)
CPI declines, but deflation fears ease May 12, 2009
M2, or the broader measure of money supply, surged 25. 95 percent by the end of April, compared with 17. (Xinhuanet, China)
China's growth in new loans begins to slow May 12, 2009
M2, the broadest measure of money supply, rose 26 percent from a year earlier. In the first four months of the year China's new loans exceeded a central bank target for the full year as lenders supported the government's 4 trillion yuan stimulus package. (Business Report, South Africa)
Christian group at Sexpo? May 11, 2009
The defaced billboard was on the M2 near the airport, he said. About 40000 people are expected to attend the event. (iAfrica.com)
Spray On Your Summer Smooth at the VEET(R) Spray On Soiree May 6, 2009
NEW YORK, May 6 /PRNewswire/ -- Tonight, Wednesday, May 6th at 7pm, VEET, the number one hair depilatory brand in the world, is officially welcoming summer at their Spray On Soiree being held at M2 Ultra Lounge in New York City with a special live performance by VEET Spokes Model, Pop Star, Shontelle. The brand is celebrating the launch of the newest addition to the VEET collection, the Spray On Hair Removal Cream. (Yahoo! Wire -- Entertainment News)
Soweto derby blocks roads May 2, 2009
The polices Mike Smith explained: "There will be a full road closure particularly affecting Joe Slovo Drive on the northern side. On the southern side Joe Slovo will be closed at the M2 off-ramp there will be a traffic warning zone around the stadium". The streets include Sivewright road, Beit street, Upper Railway, and Miller street which are being blocked in anticipation of Saturday's soccer match between the Kaiser Chiefs and Orlando Pirates, said Senior Superintendent Wayne Minnaar. (iAfrica.com)
Ghana Wrestles with Her Bretton Woods Suitors Apr 30, 2009
For instance Dr. Duffuor mentions the subsequent sharp growth in M2+ (the measure of broad money supply, inclusive of foreign currency deposits) as one of the buttressing empirical factors. But it would be easy to point to another macro-critical indicator: the currency/M2+ ratio, which appears to have experienced only stable growth, suggesting that no disproportionate impact on inflationary liquidity was evident. (Ghana Web, Ghana)
How Kufuor Destroyed Ghana's Economy Apr 28, 2009
Since the introduction of the new Ghana cedi by the past NPP government; the cedi has witnessed a significant depreciation in its value"- Dr. Kwabena Duffuor Billions of dollars spent to prop up the Ghana cedi between July 2007 and December 2008, yet the currency lost 31% of its value "The currency had depreciated significantly long before the advent of the NDC Government,"- Finance Minister. By William Sarpong The past New Patriotic Party (NPP) Administration has been accused for being... (Ghana Web, Ghana)
Inflation Doves Put Faith in Output-Gap Religion: Caroline Baum Apr 17, 2009
(The positive correlation between the output gap and M2, the broad monetary aggregate, rose to 0. 68 with money leading inflation by three years, he says. (Bloomberg -- Columnists)
Yes, Al Franken really IS good enough Apr 15, 2009
Living space per person is generous: the 2000 census showed the average figure to be 44 m2 (474 sq. ft.). Families with children prefer to live outside the big cities, if possible buying their own homes. (Atlanta Journal-Constitution -- Opinion)
Bernanke Bet on Keynes Has Meltzer Siding With Friedman on Inflation Risks Apr 14, 2009
M2, a broad measure of the money supply that includes checking accounts and money-market mutual funds, rose in the last six months at an annual rate of 14 percent. That compares with an average 6. (Bloomberg)
* China's central bank to ensure liquidity Apr 13, 2009
89 trillion yuan (US$277 billion) last month, with M2, the broadest measure of money supply, growing 25. 5 percent, the central bank said on Saturday. (Taipei Times, Taiwan -- Sports)
Growth in lending, money supply in China hit record highs Apr 13, 2009
That helped lift annual growth in the broad M2 measure of money supply to a record 25. 5% in March, up from 20. (The Star Online, Malaysia -- Business)
China's bank credit hits record high in first quarter Apr 12, 2009
Through March, the M2 figure -- a broad measure of money supply,which covers cash in circulation and all deposits -- grew 25 ... "The fast rebound of M2 indicates China's liquidity is abundant. This is very important to the economic recovery. The sharp rise of M1 shows companies are increasing spending on investment and management." said Zhang Bin, an economist with Chinese Academy of Social Sciences. (Xinhuanet, China)
* Chinese premier cites March output bounce Apr 12, 2009
That helped lift annual growth in the broad M2 measure of money supply to a record 25. 5 percent last month, up from 20. (Taipei Times, Taiwan -- World)
READ THE MINUTES: FOMC meeting of March 17-18 Apr 9, 2009
The rise in M2 slowed in February from the rapid pace recorded over the previous few months. Liquid deposits, while decelerating, continued to expand briskly. (USA Today -- Money)
Nigeria: CBN Cuts Interest Rate to Boost Lending Apr 9, 2009
Soludo said provisional data indicated that broad money (M2) declined by 1 ... "However on year-on-year basis (February 2009 over February 2009, the order of expansion in M2 on a year-on-year basis is in line with long-term trends and could be sustained in the short to medium term," he noted. (allAfrica.com)
Is economy close to bottoming out? Apr 7, 2009
After four quarters of consecutive declines, the index which measures real M2 money supply, non-oil imports, equity returns, repo rate, real bank credit, industrial output and tourists rose in first quarter (Q1) of fiscal 2009-10 suggesting pick-up in economic activity. Nomura uses a composite leading index (CLI) to identify turning points in the growth rate cycle. (India Times)
Even Drunken Sailors Have a Credit Limit Apr 3, 2009
M2 (a broad measure of the money supply) is rising at a 10 percent annual rate. M1, which measures the cash in circulation, has gone up by 14% over the past year. (Human Events Online)
Beyond the dollar Apr 1, 2009
by M2 or the St Louis Fed's MZM, has risen at annual rate of 17% in the six months through March 16, before the start this week of the Fed's potentially hyper-inflationary purchase of US$300 billion of Treasury bonds over the next six months. There is thus no reason to believe that the dollar represents a sound store of value, the principal function of a reserve currency. (Asia Times Online)
Insanity finance Apr 1, 2009
com has found all kinds of interesting things this week, especially if you enjoy heart palpitations and crushing chest pains, which is what you get when you read Mr Noland reporting that in the US "M2 (narrow) 'money' supply surged US$39.8 billion to a record $8.343 trillion (week of 3/9)" which means, "Narrow 'money' has now inflated at an 18% rate over the past 25 weeks and $766 billion over the past year, or 10.1%" ... Actually, this $766 billion increase in the M2 money supply, normally... (Asia Times Online)
Options Traders Turn Most Bullish on Australian, N.Z. Dollars Since 2003 Mar 30, 2009
In the U.S., the easing measures have helped increase the so-called M2 -- all currency, checking and savings account deposits, private holdings in money market accounts and term deposits -- to nearly $8. 3 trillion as of March 16, 9. (Bloomberg -- Asia)
* Monetary aggregates post modest gain Mar 26, 2009
The broad M2 money supply measure, which includes M1B and quasi-money, namely time deposits, time savings deposits and foreign currency deposits, edged up 0 ... 71 percent and M2 slowed to 6. (Taipei Times, Taiwan -- World Business)
