Quinten
@QuintenFrancois
Doing things with crypto
Bestselling author | Forbes 30U30
CBO @lokal_spot | Business: @GavinVDL
Joined August 2017
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Stocks, Bitcoin, gold and real estate will all keep going up in Monopoly money terms
BREAKING: US M2 money supply jumped +$124.9 billion in August, to a record $23.34 trillion.
This marks the 28th consecutive monthly increase, totaling +$2.61 trillion.
YoY, M2 grew +5.7%, its largest YoY increase since June 2022.
This marks a sharp acceleration from +2.0% YoY growth seen in August 2024.
Meanwhile, since the 2020 pandemic, M2 money supply has surged +$7.85 trillion, equivalent to +$1.21 trillion on average per year, or +6.5% annualized growth.
US money creation is picking up speed.
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