Lesse, going from $4.6T to $5.6T over a 3 year period means 7%/year growth, which is what a lot of people here think is the "unmanipulated" inflation rate, so that means no change in inflation-adjusted terms. *
It looks like this guy is reporting about M2. * I looked at the historical data to see if there was any correlation to the stock market. * M2 went up 9% from Aug 2002-2003, which included the first big bull run. * It went up only 3% the following year, in which stocks *were basically flat. * And it went up about 3.5% in the last year.
In summary, I have no idea what this means.