Thursday, December 2, 2021

M5 as of 11/30/2021

M5 is my proprietary measure of money supply.  (I can't remember at the moment why this is M5 and not M4).  It should increase less than 8% per year or it signals hyperinflation.  

As of 11/30/2021:

M2 (M2SL as of 10/1/21): 21,187.1
Public Debt (as of 10/29/21): 22,645.9
Fed Held (as of 11/3/21) -5,578.9
-----------------
38,254.1

On 9/30/2021, this number was at 37,636.4, so this is up 618 billion since then, and on 10/31/2021 it was at 38,087.4, and is up 167 billion since then.  On a monthly basis we are good.  On an annual basis (since 9/30/21), this is about a 9.8% increase and is too high.

In December, the debt ceiling will be raised and the stimulus bill passed and this is going to soar.

No comments:

Post a Comment