( HINT: Click-and-drag left-to-right on the top chart (S&P 500) to zoom in to a specific date range. Double-click on S&P 500 chart to zoom back out. )
This chart shows the year-over-year changes in Money Supply ( Monetary Base, M1, and M2 ), in Real (adjusted for inflation) terms, in relation to the S&P 500.
NOTE: Use the chart legend link above the Real Money Supply chart to hide or display various Money Supply components. M1 : Equals the Monetary Base (M0), plus checkable deposits and traveler's checks (assets that can be used to pay bills and debts). M2 : Equals M1, plus savings deposits, money market deposits, and time deposits less than $100,000. For many, M2 is the figure to watch in forecasting inflation. Monetary Base (aka 'Money Base', or 'M0') : The total of all currency (banknotes and coins) and commercial banks' reserves with the central bank. This is the narrowest definition of money supply, consisting only of the most liquid forms of money. Think of the Monetary Base as 'M0'.
= recessions
This chart shows the year-over-year changes in Money Supply ( Monetary Base, M1, and M2 ), in Real (adjusted for inflation) terms, in relation to the S&P 500.
NOTE: Use the chart legend link above the Real Money Supply chart to hide or display various Money Supply components. M1 : Equals the Monetary Base (M0), plus checkable deposits and traveler's checks (assets that can be used to pay bills and debts). M2 : Equals M1, plus savings deposits, money market deposits, and time deposits less than $100,000. For many, M2 is the figure to watch in forecasting inflation. Monetary Base (aka 'Money Base', or 'M0') : The total of all currency (banknotes and coins) and commercial banks' reserves with the central bank. This is the narrowest definition of money supply, consisting only of the most liquid forms of money. Think of the Monetary Base as 'M0'.
= recessions
