MZM money supply is M2 Money supply less small-denomination time deposits plus institutional money funds.
Recall that M1 = coins and currency in circulation + checkable (demand) deposit + traveler’s checks
& Recall that M2 = M1 + savings deposits + money market funds + certificates of deposit + other time deposits.
MZM Money supply is at ATH which generally makes sense. As time goes on more printing will occur.
The 'scary' thing about this chart is that MZMV, the velocity of this very broad money supply, is now <1.
That means every dollar is used in transaction <1 time per unit time... an all time low!
Recall that M1 = coins and currency in circulation + checkable (demand) deposit + traveler’s checks
& Recall that M2 = M1 + savings deposits + money market funds + certificates of deposit + other time deposits.
MZM Money supply is at ATH which generally makes sense. As time goes on more printing will occur.
The 'scary' thing about this chart is that MZMV, the velocity of this very broad money supply, is now <1.
That means every dollar is used in transaction <1 time per unit time... an all time low!
