Although the last major reports on the state of the UK and Irish economies were mostly vaguely positive, with indicators all pointing to some growth and the end of the recession there also seem to be some very worrying sounds emanating from the economics experts.
Talk of the money supply shrinking, with the prospect of a Japanese-style prolonged slump and stagnation, has set some alarm bells ringing.
The data from September for the Eurozone was apparently worrying also the broad M3 gauge - watched by experts as an early warning signal for the economy one year ahead shrank by 30bn, and is now down 140bn since April. This is apparently highly unusual.
There are several different measures of money supply M1, M2, M3 etc but even for the non-economist it is clear that money, whatever way you measure it, is getting tight.
People and organisations are, to use a norn iron phrase winding their necks in! Lets hope the runes for the year ahead get more positive as we approach the dreaded 13.
