Wednesday, August 28, 2013

The Taper Has Gone Global

The following charts present an equal-weighted, currency agnostic look at the major economies' monetary stock (defined as M2 money supply).

Year-over-year change in world money stock

Source: St Louis Fed Data

Annualized quarterly change in world money stock

Source: St Louis Fed Data

With growth rates decelerating, it appears the taper has gone global despite the 'will-they' or 'won't-they', as it concerns the Fed, discussion in the media.


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