Thursday, January 6, 2011

Tonight's Money Supply Report

Make it six weeks in a row now.  M2 continues to surge, which should come as no surprise to anyone following this blog.

The preliminary December 27th measure stood at $8.848 trillion.  Annualized M2 growth over the past 13 weeks was 6.9% vs. annualized growth of 5.8% and 3.3% for the past 26 and 52 weeks.

At the risk of being redundant, stay away from U.S. Treasuries.  I can not stress enough the risk that these securities pose to investors right now.

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