The supply of money held by the public has grown almost 47 percent since 2010 when compared with the size of the economy, and some estimates indicate that the excess, mostly held in bank savings accounts, totals as much as $2 trillion. What does this mean for the overall economy in the future?
The growth of money, defined by M2 as currency, time deposits, checking accounts, retail money funds and bank savings accounts, has outpaced that of the economy since the recession of 2009. This increase in money supply is a sign of risk aversion in the market, and low interest rates have also of course had an impact as funds are being held rather than invested or lent.Over the past six-and-a-half years (fourth quarter of 2009-second quarter of 201...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
