World Perspectives

January Consumer Spending Up, Money Supply Down

The M2 money supply for January decreased for the second consecutive month.  M2 is the amount of cash, held by banks, travelers’ checks, savings deposits, and retail money market accounts; in short it is the liquid money in the economy and used as a measure of money stocks. During the 2020 COVID pandemic and into 2021, relief payments made M2 explode. In February of 2021, M2 grew 27 percent.   Today’s report showed that M2 contracted 1.7 percent from its year ago level; this follows December’s 1.12 percent year-over-year drop. Today’s report signaled the largest decline and the only consecutive month decline since records began in 1959. Couple this with higher interest rates which are increasing the...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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