US money supply plunges at 1930s pace as Obama eyes fresh stimulus
1 min readUS money supply plunges at 1930s pace as Obama eyes fresh stimulus
The stock of money fell from $14.2 trillion to $13.9 trillion in the three months to April, amounting to an annual rate of contraction of 9.6pc. The assets of insitutional money market funds fell at a 37pc rate, the sharpest drop ever.
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