by Peter Schiff, Schiff Gold:

Seasonally Adjusted Money Supply in October was negative for a third consecutive month, coming in at -$88B. This came on the heels of the largest drop in Money Supply ever last month.

Figure 2 below shows non-seasonally adjusted money supply which is a bit more erratic and is also one month ahead of seasonally adjusted. On a raw basis, there have been seven straight months of minimal or negative money supply growth.