That sharp decline

From me, from yesterday:

Savings relative to circulatings:

Graph #1: Starts low. Ends high.

Looking at the red line, non-circulating MZM grows from equal to M1, to five times M1 by 2007, when a sharp decline sets in.

I'm using 2007 as the-peak-before-the crisis. Our Great Recession started late in 2007. I'm setting up 2007 as comparable to 1929. The Great Depression started late in 1929.

The first year that I have M1 and M2 money numbers for is 1915, 18 years before 1929. 18 years before 2007 is 1993. That's where my graphs will start, 1915 and 1993.

The last year that I have M1 and M2 money numbers for is 2010, three years after 2007. Three years after 1929 is 1932. That's where my graphs will end.

I give you "Savings relative to Circulatings" for the two comparable periods 1915-1932 and 1993-2010:

Graph #2

Graph #3

Just at the end there... See that sharp decline?