Oct

16

 MZM Chart

This graph shows moonshot one-year growth of Money of Zero Maturity, a proxy for money supply.

Jeremy Smith adds:

In contrast to this, the year-over-year change in the real Monetary Base has been negative lately.

Bill Rafter explains: 

Yes, Monetary Base growth is still hugely negative. But George is also correct that MZM growth is hugely positive. The missing connection is lag. MZM significantly leads Monetary Base.


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