BREAKING: US and China combined M2 money supply surged +$7.9 trillion YoY in August, to a record $76.4 trillion. This figure has more than doubled over the last 10 years. This comes as China’s M2 soared to $53.1 trillion, while US M2 jumped to $23.3 trillion, both at all-time highs. Their combined M2 is now on track for a 4th consecutive full-year increase. M2 has increased more than +$7.0 trillion YoY for 8 consecutive months, its longest streak since 2021. By comparison, before the 2020 pandemic, US and China combined M2 increased +$3.0 trillion per year on average, less than half the current rate. Global liquidity is expanding at a historic pace.