Taking into account not just rapid domestic expansion, but also the sharp fall in the greenback, broad, dollar-denominated money supply went up on an annualized basis, in the six months to January at rates of:
- Russia 53%
- Each of Brazil, China and the Eurozone at 32%
- India 30%
- Japan 25%
- Canada and the US each 20%
Is it any wonder prices of things are going ballistic and that stock markets are (just about) refusing to succumb to a darkening economic outlook?
