The GDP grew at a very weak rate. As seen above the Q1 2014 rate dropped to the lowest in several years. One can ascribe the sever winter, not global warming, for the drop, but still we have a significant concern.
M2 continues to rise so currency in circulation is strong but then again we have the FED backing by its continued QE efforts.
The Monetary Base also continues to rise. Banks are well off with reserves but none seems to leak into the economy to drive GDP
Comparing M2 and the Monetary Base we see the explosive growth of the MB while M2 maintains reasonable growth. Notwithstanding inflation is low.
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