Money Supply

Money supply growth fell in July, dropping to the lowest rate recorded since February of this year.

In May, year-over-year growth in the money supply fell to a 3-month low, growing 4.2 percent. That was down from April 2018's rate of 4.2 percent, but remains up from November 2017's low of 2.6 percent:

The suppression of the TMS growth rate, if it is sustained for the rest of the year, portends another credit crisis and housing bust.

Growth in the supply of US dollars fell again in September, this time to a 116-month low of 3.4 percent. The last time the money supply grew at a smaller rate was during January 2008 — also at a rate of 3.4 percent. 

The money-supply metric used here — ...