This week’s Bloomberg Businessweek features CFS Director William A. Barnett and the CFS Divisia money supply.
The article highlights some of the unique aspects of CFS monetary and financial data as well as how conclusions regarding the economy and markets might have been different with our data.
According to Peter Coy, Bloomberg Businessweek‘s economics editor, the bottom line is that the Fed’s M2 is too narrow and ignores distinctions between cash and less spendable instruments.
For the full article please visit:
http://www.businessweek.com/articles/2013-03-28/the-fed-may-be-miscounting-the-money-supply
For the Chinese version please visit:
http://finance.sina.com.cn/world/20130329/190215000583.shtml