Money supply appears to be entering a new and accelerating growth period

In November, year-over-year growth in the money supply was at 2.35 percent .

That’s a 27-month high and the largest increase since September 2022 .

The money supply has increased each month from July through November of 2024 .

Money supply growth can often be a helpful measure of economic activity and an indicator of coming recession.

Nearly two-thirds of the total existing existing money supply have been created just in the past 13 years .

The US Treasury is already on track for ringing up a deficit of more than $3 trillion for the 2025 fiscal year .

This puts upward pressure on overall interest rates, and especially on Treasurys .

The Treasury expects the Fed to intervene to keep interest rates from getting out of control.