Replies to post #168895 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Guys, MZM is not the money supply, that is a possible source of liquidity for the equity (and bond) markets. The contraction indicates some flow from zero maturity parked funds to longer commitments... It also reflects companies like TYC unable to issue commercial paper (and thius issuing bonds...)