January 10, 2010

Art Cashin: The Beginning Of An Economic Contraction?


Art Cashin is a little concerned about the drop in commercial paper issuance and the M3 contraction. Those may me signs of the beginning of an economic contraction:

"But I'm looking at two other numbers that kind of surprised me: commercial paper issuance dropped dramatically in the recent week and M3* seems to be contracting."

"We're going to watch to see if that's a sign that the economy is starting to pull back a little here."


Art Cashin comments were made just after the release of the Employment Report.

8 comments:

Justin Miller said...

M3? The government stopped reporting M3 in 2006.

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