January Monetary Trends…

For those following the trends, this issue is updated through the middle of December. No real noteworthy changes of late other than CPI is now in positive territory, the money aggregates are settling back down, but credit is still definitely under pressure:



Here are a couple of Fed charts I haven’t shown before but are very interesting… this first one shows Commercial and Industrial loans coming from large Commercial Banks, and is expressed in billions change from a year ago:



Here’s Government Current Receipts expressed in billions change from a year ago. Receipts down massively, spending up massively to compensate, lol, only in Wonderland: