This week we saw more expansion of the money supply as M1 (which includes: Currency, Travelers Checks, Demand Deposits and other checkable deposits) increased +1.12% from the previous month and +10.10% from the year prior. M2 (which includes: M1 plus retail Money Market Mutual Funds, Saving and small time deposits) increased +0.18% from the previous month and +3.96% from the year prior. If we refer to the Money supply chart by www.shadowstats.com at the bottom of this page we will see that M3 is also expanding. Tones of liquidity being pumped into the system.
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