M3 Contraction - The Future Is Now

"The drop is not or rather should not be disturbing. Nor should it have been unexpected. The reason a huge plunge was expected by me has to do with why M3 was soaring in the first place. M3 was soaring because institutions and consumers were telling credit lines and parking the money in money market funds. Those screaming inflation, or hyperinflation missed the boat on this big time. Now that those credit lines have been tapped or shut off, it is perfectly logical to see M3 plunge."