Monetary Madness

July 27, 2012

In commemoration of M2 surpassing $10.0 TN for the first time – not to mention the unfolding confrontation between ECB President Draghi and Germany’s Bundesbank - this week’s CBB will focus on Monetary Analysis.  It is worth noting that M2, the Fed’s narrow measure of “money” supply, surpassed $1 TN for the first time in 1975.  It made it past $2 TN in 1983, $4TN in 1997, $8 TN in 2008 and $9 TN in April 2011.  M2 has inflated another Trillion during the past 15 months.

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