Courtesy of Bruce Krasting.
With the DOW blowing by milestones I went looking for other things that were at record levels. The first one that I looked at was M2. No surprise at all, M2 is bigger than ever. Charts of the long and short term trajectory of money supply:
The money supply is $3T higher than it was at the start of the 2008 recession. GDP is up $2T.
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