This week M1 and M2 diverged away from each-other slightly. M1 (consisting of Currency, Traveler's checks, demand deposits and other checkable deposits) grew by 0.62%. M2 (consisting of M1 plus retail Money Market Mutual Funds, savings and small time deposits) shrank by -0.012%. Y-o-Y M1 has grown 10.08% and M2 has grown 4.18%, this is way ahead of Y-o-Y growth from 2009 to 2010 at this time. Growth for Mar 30 2009 to Mar 29 2010 was 8.13% (M1) and 1.63% (M2). So, the printing presses over the last year have really rev'd up.
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