Now What? Three Vectors for Investors and Officials

In the middle of financial crises, one often hears “Now What?”

At the Boston Economic Club, I discussed the evolution of three vectors (policy, markets, and the Coronavirus). These vectors offer officials a blueprint to stabilize markets and asset managers a roadmap for investment decisions. To be sure, the Coronavirus is only part of the reason behind the fierce market response.

Six big “Now Whats” or action items are discussed.

For full remarks:
http://centerforfinancialstability.org/speeches/BEC_Now_What_031820.pdf

CFS Monetary Measures for February 2020

Today we release CFS monetary and financial measures for February 2020. CFS Divisia M4, which is the broadest and most important measure of money, grew by 7.3% in February 2020 on a year-over-year basis versus 7.0% in January.

For Monetary and Financial Data Release Report:
http://www.centerforfinancialstability.org/amfm/Divisia_Feb20.pdf

For more information about the CFS Divisia indices and the data in Excel:
http://www.centerforfinancialstability.org/amfm_data.php

Bloomberg terminal users can access our monetary and financial statistics by any of the four options:

1) {ALLX DIVM }
2) {ECST T DIVMM4IY}
3) {ECST} –> ‘Monetary Sector’ –> ‘Money Supply’ –> Change Source in top right to ‘Center for Financial Stability’
4) {ECST S US MONEY SUPPLY} –> From source list on left, select ‘Center for Financial Stability’