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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