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An Inflation Warning from the Money Suppy Data

If one looks hard enough, the old double top is slipping into view. I suspect the trendline will back off from here, which suggests growth of the M2 money supply, hence "inflation", will subside. It's easy to get inflation when the economy is doing well, but not so easy when it starts to slow. Of course the Federal Reserve Board is no better than any of the rest of us when it comes to forecasting the future. No one knows what will happen tomorrow, let alone in June or July, not even the Fed! They have to rely on groupthink when they stop looking backwards and start looking forward. That's why they've caused so many recessions and worse over the years. When you think about it, and put everything in perspective, it doesn't seem to be worth the millions of tax dollars spent maintaining that myth of perfection. The reason most members of congress support the Fed is that they don't know any better.