This acceleration in M1 money supply in 2 weeks is the most aggressive in US history yet, even more vertical than during the height of the crash in March.
Why is the Fed not confronted with this?
What are the consequences?
Why is nobody asking these questions? pic.twitter.com/QKIe29Md0g
— Sven Henrich (@NorthmanTrader) December 13, 2020
“M1 includes funds that are readily accessible for spending. M1 consists of: (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) traveler’s checks of nonbank issuers; (3) demand deposits; and (4) other checkable deposits (OCDs), which consist primarily of negotiable order of withdrawal (NOW) accounts at depository institutions and credit union share draft accounts”