According to the People’s Bank of China, China’s broad-based measure of money printing, M2, is growing at 10.1% YoY. Wow, that is a YUGE amount of money being printed.
But the US is no piker. Their M2 printing is at 24.4% YoY. With historic low M2 Velocity (GDP/M2).
I wonder when the Monetary Medusa will see its own reflection and turn to stone?
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