Less favourable monetary conditions for markets?

The term “excess money” describes a monetary backdrop in which growth of the stock of money exceeds the rate necessary to support economic expansion. Excess money is associated with increased demand for financial assets and upward pressure on their prices, other things being equal. Continue reading

Global monetary round-up

Additional monetary data confirm an earlier estimate here that global (i.e. G7 plus E7) six-month real narrow money growth fell slightly further in September, reaching its lowest level since August 2019 Continue reading