Adjusted Monetary Base, September 2, 2010: Long Term and Short term
Sept. 6, 2010
First, the long-term increase.
We see an unprecedented increase straight up. Then there was a slight revesal. This increase was offset by an increase in commercial banks' excess reserves.
Next, over the last year.
We see an increase in February, then a reversal. It has been flat for six months.
The fact that the consumer price index has gone almost flat has to do with this flattening of the AMB this year.