The supply of money held by the public has grown almost 47 percent since 2010 when compared with the size of the economy, and some estimates indicate that the excess, mostly held in bank savings accounts, totals as much as $2 trillion. What does this mean for the overall economy in the future?
The growth of money, defined by M2 as currency, time deposits, checking accounts, retail money funds and bank savings accounts, has outpaced that of the economy since the recession of 2009. This increase in money supply is a sign of risk aversion in the market, and low interest rates have also of course had an impact as funds are being held rather than invested or lent.Over the past six-and-a-half years (fourth quarter of 2009-second quarter of 201...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
