Daily Archives: August 8, 2012


In an effort to try and post some good news, we reference Ambrose Evans-Pritchards’s article of Aug. 7, Global slump risk falls as world money rebounds. In it he suggests that a measure of the global M1 money supply has turned up and that because the M1 data leads industrial output by a few months, we may expect an economic upturn in the fall. Here’s the graph (click to open in a new window to enlarge):

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