Money Supply Growth Surges to 92-Month High

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The money supply growth rate rose again in March, climbing to a 92-month high. The last time the growth rate was higher was during July 2012, when the growth rate was 11.5 percent.  At that time, however, money supply growth was on its way down. The current upward trend has more in common with the trend we saw during late 2008 and early 2009.

As of April 4, Weekly Total Deaths Have Yet to Show a Nationwide Surge

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Information on total deaths through April 4 shows no indication of a general surge in deaths in the United States. It’s quite possible that we’ll see April’s total mortality begin to show levels well above normal, but the weekly data we have so far show no indication of this.

Three Reasons Why Politicians Must Leave Oil Markets Alone

Although the heads of the world’s largest oil-producing nations were quick to claim a diplomatic victory following the latest OPEC+ (Organization of the Petroleum Exporting Countries “plus” non-OPEC oil producers) output-cut agreement, crude prices are telling a different story. Prompt month Brent and WTI futures contracts are now trading nearly 20 percent below their early April highs, both returning to a supercontango forward curve price structure following the conclusion of the OPEC+ meeting.