While there has been considerable hoopla in the so-called ‘mainstream’ media about economic recovery, a brief look at the Money Supply is rather disconcerting (note the spread in
changes between M1 and M2 numbers). The M2 numbers for the most recent three month period for which data is available (May through July) is worse than the six months numbers (February though July), which is in turn worse than the one year numbers (August 2008 through July 2009).
You can see the numbers for yourself in Table 1 at:
http://www.federalreserve.gov/releases/H6/Current/The numbers in Table 2, with the data up through September 15 show similar results.
