M4 up 0.77% in November

As of 11/30/2012:
M2 = 10,263.9
Public debt = 11,553.2
Fed held = -1,644.7
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Total as of (11/30/2012):  20172.4

This is up 155.8 or 0.77% in November.  It is interesting that this number is less than the government deficit in November.

For those who are just reading this, "M4" is what I call my measure of money.  I think it is going to go up about 1% every month into perpetuity.  As long as it goes up less than 1%/mo., we are doing fine.

I'm not seeing much Fed purchases yet.  Straight quantitative easing (purchases of Treasury securities) has no impact on M4 because it is just trading one form of "cash" (T-bills) for another form.  Purchases of MBS on the other hand does result in an increase in M4.