M3 contains more asset classes than M2. So, to find the signs to bubble, in a point of historical view, it might be better, to compare value of equities with M3. Therefore you see below, what it means. Market crisis/crashes are marked.
The differences from 2007/08 to others: there we had an Interbanken problem: no one trusted each other and was not willing to overtake overnight credits. Second: the fed announced, to take several repo papera from the list, which means big problems for some primary dealers.
All in all it was not a problem of to much money in the system, the problem was, that some money was on wrong places. Panic driven at the end.
Whatever: actually, no doubt, we have to much money in the system.
The differences from 2007/08 to others: there we had an Interbanken problem: no one trusted each other and was not willing to overtake overnight credits. Second: the fed announced, to take several repo papera from the list, which means big problems for some primary dealers.
All in all it was not a problem of to much money in the system, the problem was, that some money was on wrong places. Panic driven at the end.
Whatever: actually, no doubt, we have to much money in the system.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.