Can you cite a source for that? I find it fascinating if so.
Not a challenge, just a request to be edified:)
My source is none other than the Fed and their own stats.
Here is a link: http://www.federalreserve.gov/releases/h6/hist/h6hist1.pdf
Take a look at the relative rate of increase of M1 over M2 since say Jan 2009. I look at the unadjusted numbers.
So where oh where is all that currency going? I’ll tell you my theory, but I’d like to hear your theory first.
;-)
Fastest place to find this sort of info is FRED, the Federal Reserve database.
Here ya go:
http://research.stlouisfed.org/fred2/categories/24