A. Willems, CFA, publisher of ecpofi.com and economicsnexus.com, is an equity investor with a long-term view investing in undervalued listed shares with solid operational track records and sensible balance sheets.
Euro Area Monetary Base & Money Supply (As Of 30.11.2012) 0 comments
Jan 6, 2013 10:02 AM
The European Central Bank (ECB) reported its monetary statistics for the euro area for the period ending November on 2 January 2013.
Base money continued to increase substantially on last year, but over the last nine months it has been relatively stable. Compared to previous month it dropped 2.6% however, the third consecutive month of declines on previous month. The M1 monetary aggregate also continued to increase on last year and at 6.7% it was the biggest YoY percentage increase since August 2010. It increased 0.4% on previous month. The M2 money supply continued its upward climb increasing 4.6% on November last year, the largest YoY percentage increase since July 2009. The value of M1 and M2 both hit new all-time highs for the month, while base money was 8.09% lower than the all-time high hit in June 2012.
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Euro Area Monetary Base & Money Supply (As Of 30.11.2012) 0 comments
The European Central Bank (ECB) reported its monetary statistics for the euro area for the period ending November on 2 January 2013.
Base money continued to increase substantially on last year, but over the last nine months it has been relatively stable. Compared to previous month it dropped 2.6% however, the third consecutive month of declines on previous month. The M1 monetary aggregate also continued to increase on last year and at 6.7% it was the biggest YoY percentage increase since August 2010. It increased 0.4% on previous month. The M2 money supply continued its upward climb increasing 4.6% on November last year, the largest YoY percentage increase since July 2009. The value of M1 and M2 both hit new all-time highs for the month, while base money was 8.09% lower than the all-time high hit in June 2012.
(click to enlarge)
(click to enlarge)
(click to enlarge)
(click to enlarge)
(click to enlarge)
(click to enlarge)
(click to enlarge)
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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