M2 grew 0.21 percent in October, the third slowest monthly increase in 2016. Thanks to favorable yoy comparison, M2 12-month growth increased from 11.58 percent to 11.64 percent.
The 3-month growth rate in M2 was 7.7 percent, well ahead of the 2.3 percent growth rate in October 2015.
M2 growth began accelerating in November 2015. Given the tightening in the real estate market alone, I expect M2 growth will not match last year's increase. A credit driven slowdown is coming unless the government forces more credit into the system.
Portland Rose Parade Cancelled Amid Violent Threats From Anti-Fa: "You've Seen How Much Power We Have... Police Can't Stop Us" - *Authored by Mac Slavo via SHTFplan.com,* *For a bunch of peace loving, tolerance spewing social justice warriors, it sure does appear that the new “prog...