Since the start of the credit crunch in 2007, UK M4 has done this:
That's 5 negative quarters out of the last 7 - the five lowest (and the only five negatives) since 1963.
This thing isn't over, and the air of normality and control is, I fear, fake.
INVESTMENT DISCLOSURE: None. Still in cash (and index-linked National Savings Certificates), and missing all those day-trading opportunities.
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