Didnt they stop tracking the rapid expansion of M3 in 2006....and a guy gave a speech at Jackson Hole and termed "shadow banking".
Yeah, how did that grow so fast? That aint QE, fractional banking, funding deficit spending.
I read that unregulated activity was a force behind the 2008 crisis. Lots of that M3 money went Pfft! in 2008 according to the chart . Are they simply replenishing that?
So, even with high worldwide demand for dollars it does not seem possible it could have strengthened considering the components that sum to M3. (Big boy money)
Lots of questions.
Yeah, how did that grow so fast? That aint QE, fractional banking, funding deficit spending.
I read that unregulated activity was a force behind the 2008 crisis. Lots of that M3 money went Pfft! in 2008 according to the chart . Are they simply replenishing that?
So, even with high worldwide demand for dollars it does not seem possible it could have strengthened considering the components that sum to M3. (Big boy money)
Lots of questions.

