Money supply, oil prices and house price falls, and precious metals « Peter J. Cooper’s Weblog

Let us dwell on three key US statistics, one of which is no longer published to cover the national embarrassment. The synthetic recreation of M3, the former lode star of monetary aggregates, shows a year-to-date increase of 16.7 per cent. That crudely means there are 16.7 per cent more dollars in circulation than a year ago.