Federal Reserve money supply crashes 4%, fourth straight monthly drop

The Federal Reserve money supply is crashing like President Joe Biden’s approval ratings.

In March, the M2 money supply contracted by 4.05 percent, down from 2.29 percent in February.

This is the fastest decline in the money supply since the Great Depression when it cratered by about 25 percent.

Here is a look at the data:

As you can see, it has been on a steady decline since hitting a peak in January 2021.

Recession confirmed?

Indeed, it is always six months away, but the economic data continues to deteriorate. Be it tanking retail sales to falling PMI numbers, everything is worsening in the Biden economy.