M2 Surge Moderates, "Only" Increases By $42.2 Billion In Past Week

Tyler Durden's picture

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greased up deaf guy's picture

move along... nothing to see here...

Manthong's picture

An awful lot of negative interest being earned out there.

speconomist's picture

The great moderation is here!

navy62802's picture

Meanwhile, gold is up $70-ish per ounce over the past 24 hours (currrently at $1864.80).

zorba THE GREEK's picture

We won't need wheelbarrows for long, as I'm sure there are already plans to make higher denomination U.S. notes.

When you think about it, $100 bills are the largest notes used in the U.S. for quite a while. Even though there were

$1000 notes and $500 notes issued up until the 1934 series, they were not widely used and disappeared from circulation 

by the early 1970's. $100 notes have been widely used in the U.S. for over 100 years and have lost over 95% of their

purchasing power since then. If it wasn't for credit cards, $1000 notes would have been re-introduced long ago.

If the Fed continues it's monetization, we should be seeing $1000 notes before the end of the decade.

mayhem_korner's picture

The chart is a seismograph for inflation...

El Viejo's picture

While it is true that M2 correlates somewhat to inflation, doesn't there have to be an aggregate demand? (this ain't the 70s when the boomers were buying everything in sight and corps were hamstrung with taxes and regulation) Plus, NAIRU usually suggests less correlation of Inflation to M2 when unemployment is high.