Sunday, March 27, 2011
Weekly M1 and M2 Money Supply
This week the M1 (which includes Currency, Travelers checks, demand deposits and other checkable deposits) decreased by -0.17% and M2 (which includes M1 plus, Money Market Mutual Funds, Savings and small time deposits) decreased by -0.28%.
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I think the significant growth of the M1 Money Supply (govt. printing money) will lead to higher inflation very soon. In most years over the last few decades the M1 has gone up a roughly 4% per year and then from 2003 to 2007 was roughly 1% per year. Since Nov. 2007 to Apr. 2011 it is up over 40% and will reach 50% by end-2011. WOW. For the prior 4 years of prosperity it went up 4% total and for the last 4 years an unprecedented 50%. WOW.
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