Before the Christmas break, we ran a short series on how the Great Depression unfolded in Friday's Money Mornings (you can check out the most recent one here, and see the whole history page here).
But between April 2022 and October 2023, M2 money supply declined by a peak of $1.06 trillion, or 4.74%. This marked the first time since the Great Depression that M2 had dipped by more than 2% on ...