While M2 appears to have grown the most over the past 3
decades, M3 is at presently the fastest growing aspect of Money Supply.

<spacer>

M1, M2, M3 Money Supply Components

M3_110205

Source: Mark Thoma,
Economist’s View

<spacer>

Coincidentally or not, this is occurring as the twin
deficits – US balance of Trade and the Federal Government budget deficits -
have reached record levels.

<spacer>

Random Items:

This Time, It’s Different

Fed Counters By Stopping Release of M3 Money Supply Data

Capacity in the hedge fund industry

Obscure Economic Indicator: The Price of Copper

What Lurks in Google’s Soul?

When Bubbles Burst

The Flickrization of Yahoo

<spacer>

Quote of the Day:

“Big money is made in the stock market being on the right side of major
moves. I don’t believe in swimming against the tide.” ~Martin Zweig

Category: Currency, Federal Reserve

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

6 Responses to “Chart of the Week: M1, M2, M3 Money Supply Components”

  1. dan says:

    what is the implication of M3 rising or falling?

  2. mark says:

    This is just such exciting stuff. Great blog.

  3. keith cosby says:

    HI, I’M IN THE PROCESS OF FINISHING MY DEGREE IN BUSINESS. I’VE BEEN TRYING TO STUDY THIS M1,M2,AND M3 MONEY VALUES. I WOULD LIKE TO JUST KNOW WHAT IS THE M1 VALUE FOR THE US FROM SEPTEMBER 03-SEPTEMBER 09 WEEK.

  4. Richard Sokol says:

    I’m a man of science and find it apalling that the worlds leading nation let’s it’s currency remain ominously undefined. To simplify let’s recall the old MB game of Monopoly. It’s bank had a fixed amount of cash. We must at some point clearly set the amount of M3 and announce and vote on any changes in it.

  5. I too have a scientific background and can only hope that some day as the greedy become greenies that their (Yes!, THEIR currencies) will be denominated – and backed by – energy and nutrition units rather than by who’s economy is “hotest” – and perhaps least honest or responsible.
    Gold used to be universally relied upon but now surely its time – since there ain’t enough gold but a crushing need to print money and hide the result – to tie the global economy to the globe. In this way all governmental/money club finacial decisions that used to be blame-free (can’t fault a guy for trying to make a buck!) can be more readily tied to their global result let alone their motivations.

    To do this we will hopefully equate a dollar with one calorie (or whatever those totally non-scientific but highly mathmatical economists want to assign it) and whether that means a calorie from burned oil or gas or digested oats in my own body – why that is up to me.
    This will help tie “market forces” to “ecological consequences” on our dear old earth, over which – like it or not – we don’t (yet?) deserve to have dominion.