tag:blogger.com,1999:blog-6616959642391988608.post3256063295619124191..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Shipping update--looking better and betterScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6616959642391988608.post-64835455799720615872010-06-23T11:11:08.839-07:002010-06-23T11:11:08.839-07:00rwburcik: M2 growth appears to be picking up a bit...rwburcik: M2 growth appears to be picking up a bit of late. The 3-mo. annualized growth rate is up from -1.4% to 3.3% in the past seven weeks. The 2-yr growth rate is now up to 5.4%. I think this strongly detracts from arguments that sluggish money growth poses a threat to the economy. It is still consistent, moreover, with my view that modest M2 growth, when added to rising M2 velocity (i.e., Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-32736402503288848362010-06-23T10:28:31.690-07:002010-06-23T10:28:31.690-07:00I've added a chart of the Baltic and some comm...I've added a chart of the Baltic and some comments to the post.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-44192202669006566682010-06-23T10:19:11.294-07:002010-06-23T10:19:11.294-07:00Greg: The BDI is down a bit of late but looking a...Greg: The BDI is down a bit of late but looking at the longer term it has risen to the levels of 2006, hardly a time of economic disruption.<br /><br />See: http://noir.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AINDBillhttps://www.blogger.com/profile/05145490918994594519noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-23192861081769869182010-06-23T09:44:14.157-07:002010-06-23T09:44:14.157-07:00Scott,
Your May 20th post was titled "M2 Myth...Scott,<br />Your May 20th post was titled "M2 Myth" in which you looked at the 2-year annualized growth rate for M2 which stood at about 5%. What do read, if anything, into monthly M2 growth of only 2%? Also, private sources now peg annual M3 growth at minus 6%. Do you feel that this might be a signal of moderating growth?rwburcikhttps://www.blogger.com/profile/05374602384789548969noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-19767603424773619872010-06-23T09:05:59.616-07:002010-06-23T09:05:59.616-07:00Scott, would be a good time for your perspective o...Scott, would be a good time for your perspective on the Baltic Dry Index....seems like it has been in free fallGreg Stipehttps://www.blogger.com/profile/12552402455002871895noreply@blogger.com