US liquidity is booming
Despite all the fears around the EM and over a possible rate hike in the USA, actual liquidity growth in the US is booming. M3 growth on a three month annualized basis is now running at 10% – a post GFC high!
Despite all the fears around the EM and over a possible rate hike in the USA, actual liquidity growth in the US is booming. M3 growth on a three month annualized basis is now running at 10% – a post GFC high!
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