JVB-BSullivan-Econ-Comment-082509

Broker Dealer / Institutional / Advisor Use Only August 25, 2009 ABOUT BILL SULLIVAN M2 Growth Decelerates: Any Significance? The M2 definition of money has William V. Sullivan, Jr. basically reversing the sizeable inflows to serves as Chief Economist experienced a dramatic deceleration in its banks and thrifts that transpired at JVB Financial Group, overall growth rate during the last six throughout 2008. In addition, the retail working closely with the months. Several factors have contributed money fund component has lost ground firm’s trading desk, to the marked slowdown, including a over recent months, falling by roughly providing analysis and reduced level of risk aversion among $170.0 billion from last year’s peak. The commentary on the U.S. economy and the financial investors as well as a gradual shrinkage in erosion in these categories is no doubt markets. Among his duties the size of bank balance sheets. Whether partly attributable to the fact that are authoring a weekly the trend will have any bearing on the individual investors have more confidence report on credit market economy’s performance over the quarters in the stability of the financial system. In trends and maintaining a ahead is certainly open to debate, but the many respects, the tremendous movement regular schedule of pattern could ultimately represent an of cash into time deposits and to a lesser conference calls that focus unexpected headwind for the recovery on interest rate ...