Mark Hulbert makes the case that, sans seasonal adjustments, the Money Supply uptick peaked in March, not May.
The year over year monthly comparisons would have to also be without seasonal adjustments. (‘ll look for the raw data later this week).
Hmmmm. This may be worth exploring further . . .
Sausage, legislation and M3
By Mark Hulbert
CBS.MarketWatch.com, 12:05 AM ET June 15, 2004
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.