Perusing the various LvMI charts, I observe the spike in the St. Louis Fed’s “adjusted monetary base.” It looks like the BASE jumped from about $875 billion to somewhat more than $950 billion in a series of four huge leaps in four consecutive reporting periods (weeks, I would guess) out of proportion to all previous changes. I presume the surge reflects the recent measures by the Fed to address the financial and credit crisis, so called, but I wonder why the increase isn’t so dramatically reflected in any of the other monetary charts provided by LvMi? Anyone care to enlighten me?
All your base are belong to us.