SPVM - The Money Supply Fell For The 15th Month In A Row As Full-Time Jobs Disappear

2024-03-22 03:45:00 ET

Summary

• Money supply growth fell again in January, remaining deep in negative territory after turning negative in November 2022 for the first time in twenty-eight years.
• Since April 2021, money supply growth has slowed quickly, and since late 2022, we've been seeing the money supply repeatedly contract, year over year.
• Money supply growth has now been negative for fifteen months in a row. During January 2024, the downturn continued as YoY growth in the money supply was at –6.13 percent.

By Ryan McMaken

Money supply growth fell again in January, remaining deep in negative territory after turning negative in November 2022 for the first time in twenty-eight years. January's drop continues a steep downward trend from the unprecedented highs experienced during much of the past three years.

Since April 2021, money supply growth has slowed quickly, and since late 2022, we've been seeing the money supply repeatedly contract, year over year....

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