M6 is down slightly, but it is so close and there are so many uncertainties that it is a statistical dead heat. I don't think anybody reads this blog, and I write it for my own enjoyment. But in case anyone is reading this and is curious, M6 is my own measure of the money supply. I include stocks because they serve somewhat like money, being easily liquidated (unlike real estate). Also, QE goes into stocks. And when stocks decline, there is a tendency to counterbalance this by growing the national debt. I would include corporate bonds if I could find a way that makes sense. Ideally, you would want M6 to grow about 0.5% per month, but one month of flatness doesn't really mean anything. The biggest reason this was flat was because of people paying their taxes, which shrank the national debt slightly.