BREAKING: US M2 money supply rose +4.5% YoY in September 2025 to a record 22.2 trillion. This marks the 19th consecutive monthly increase. By comparison, the long-term average growth has been +6.3%. Adjusted for inflation, M2 grew +1.4% YoY in September, posting its 13th-straight monthly increase. Own assets or be left behind.(The Kobeissi Letter)