Latest Center for Financial Stability Stories

Data for October 2012 NEW YORK, Nov. 21, 2012 /PRNewswire-USNewswire/ -- Center for Financial Stability (CFS) money supply data for October 2012 suggests that the economy has bottomed. However, below potential growth remains vulnerable to the upcoming fiscal cliff. Participants in the financial economy continue to seek safety in insured institutions. In contrast, the shadow banking system has been hit hard. "The shadow banking system is vital to corporations and the overall...

The Bretton Woods Transcripts, edited by Kurt Schuler and Andrew Rosenberg NEW YORK, Oct. 24, 2012 /PRNewswire-USNewswire/ -- Today, the Center for Financial Stability (CFS) releases a new e-book, The Bretton Woods Transcripts. The discussion and debate among negotiators, who forged the post World War II international financial system, has never been published until now. The Bretton Woods Transcripts show the vision of luminaries such as John Maynard Keynes, future presidents,...

U.S. Data for August 2012 NEW YORK, Sept. 19, 2012 /PRNewswire-USNewswire/ -- Today, Center for Financial Stability (CFS) money supply data for August 2012 highlight distortions from fiscal policy and weakness in the financial system. CFS Divisia M4 (DM4) for August advanced by 3.4% on a year-over-year basis. However, the performance of the broadest money supply measure was clouded by large issuance of Treasury bills to fund the budget deficit. The broad money supply excluding...

Data For July 2012 NEW YORK, Aug. 22, 2012 /PRNewswire-USNewswire/ -- Today, Center for Financial Stability (CFS) broad money supply data for July 2012 illustrate that the US economy is improving modestly. However, growth remains extremely weak. For instance, CFS Divisia M4 (DM4) for July advanced by 2.9% on a year-over-year (YoY) basis or well below the 6% to 6.5% typically associated with historical trend GDP growth of 3¼%. CFS proprietary money supply data provide a crucial...