{"id":3083,"date":"2010-10-08T08:39:48","date_gmt":"2010-10-08T08:39:48","guid":{"rendered":"https:\/\/mmm.9dotdigital.ca\/?p=3083"},"modified":"2025-03-27T15:49:07","modified_gmt":"2025-03-27T15:49:07","slug":"equities-diverge-from-monetary-base","status":"publish","type":"post","link":"https:\/\/mmm.9dotdigital.ca\/?p=3083","title":{"rendered":"Equities diverge from monetary base"},"content":{"rendered":"<p>The G7 monetary base &ndash; currency in circulation plus bank reserves &ndash; contracted further last week, as a large fall in the Eurozone offset a rise in Japan. The base is at its lowest level since December &ndash; see chart.<\/p>\n<p>Markets have rallied on hopes of a large QE2 liquidity injection and may correct if this is not delivered soon and on the expected scale.<\/p>\n<p><span class=\"full-image-block ssNonEditable\"><span><img decoding=\"async\" style=\"width: 680px;\" src=\"\/storage\/chart1_08-10-2010.gif?__SQUARESPACE_CACHEVERSION=1286527584761\" alt=\"\" \/><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The G7 monetary base &ndash; currency in circulation plus bank reserves &ndash; contracted further last week, as a large fall in the Eurozone offset a rise in Japan. The base is at its lowest level since December &ndash; see chart. Markets have rallied on hopes of a large QE2 liquidity injection and may correct if [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-3083","post","type-post","status-publish","format-standard","hentry","category-money-moves-markets"],"_links":{"self":[{"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/posts\/3083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3083"}],"version-history":[{"count":1,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/posts\/3083\/revisions"}],"predecessor-version":[{"id":5392,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/posts\/3083\/revisions\/5392"}],"wp:attachment":[{"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}