For he's a jolly good fallow

source: St. Louis Fed

I updated my graph of M0 and M1 money stock to use hot colors (red and orange) since they are hot, hot, hot. The velocity of M1 and M2 use cool colors (blue and green) because they are cool and getting colder. We have lots of money and money potential, but no one wants to move it around. To bankers everywhere, I offer congratulations by singing "For he's a jolly good fallow".