http://market-ticker.denninger.net/archives/703-Uh-Oh.....-Monetary-Flat-Spin.html
<img src="http://research.stlouisfed.org/fred2/data/MULT_Max_630_378.png">
That has gone "just below" 1.0.
What is this?
I could go through the derivation of how money supply works in a fractional...