Divisia Money Measures, Milton Friedman, the UK Recovery, and NGDP Correlation

There have been some very interesting, recent blog posts to which I would like to draw your attention. Of particular note, they use our own CFS Director Bill Barnett’s Divisia money measures. Also referenced in two of the blog posts is a post by Duncan Brown correlating UK Divisia money growth and NGDP growth.

For Lars Christensen’s post on the UK economy citing a recovery:
http://marketmonetarist.com/2013/12/09/the-divisia-money-trail-a-very-bullish-uk-story/

For JP Koning’s post on Divisia measures, Milton Friedman, and Anna Schwartz:
http://jpkoning.blogspot.dk/2013/12/milton-friedman-and-moneyness.html

For an indicator of UK current economic conditions from “the Britmouse:”
http://uneconomical.wordpress.com/2013/12/07/follow-the-divisia-money/

For Duncan Brown’s post correlating UK Divisia money growth and NGDP growth:
http://wonkery.co.uk/blog/2013/10/4/money-beats-credit