While M2 appears to have grown the most over the past 3
decades, M3 is at presently the fastest growing aspect of Money Supply.
M1, M2, M3 Money Supply Components
Source: Mark Thoma,
Coincidentally or not, this is occurring as the twin
deficits – US balance of Trade and the Federal Government budget deficits –
have reached record levels.
Quote of the Day:
“Big money is made in the stock market being on the right side of major
moves. I don’t believe in swimming against the tide.” ~Martin Zweig