Tuesday July 17, 2007

22.34% : Singapore M3 money supply growth (Jun 2007 update)

mas.gov.sg (pdf) :

The latest money supply report from the Singapore government is out. The figures show an M3 money supply growth of some 22.34% (from $242,723.7 million in May 2006 to $296,951.8 million in May 2007).

That's still a very high rate. But how about d2y/dx2? (not just rate of change, but the rate at which the rate of change *changes*). Or to put it simply, just take a look at the chart above. Yup, it's coming down slightly.

What to make of that? Not sure. But in a system predicated on d2y/dx2 growth, it might not be very good for the property or stock markets. As I am writing this, crude oil on the NYMEX exchange has just shot up to US $75.00 a barrel. That can't be very good for the economy, either.

See also :

1. 23% : Singapore M3 money supply growth rate
2. GST inflation : the second wave

(2007-07-17 22:20:25 SGT) [Biz] Permalink Comments [1]

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