Thursday's graph shows the rate of base money growth (less the cost of growing it) in blue. And in red, the growth rate of Real GDP. I see similarity in the two lines, and I see differences that I can explain.
To that graph I added (in gray) the rate of base money growth with nothing subtracted from it.
This graph only strengthens the visual similarity of Thursday's red and the blue.
// for completeness:
Just quickly, with the blue line removed: