Total bank credit jumped 5% in about a month when the pandemic started and is continuing to grow at a very high rate historically. This is in addition to person

Total bank credit jumped 5% in about a month when the pandemic started and is continuing to grow at a very high rate historically. This is in addition to personal savings rate jumping from around 7% to over 30%. There's a lot of money and credit is amplifying it https://fred.stlouisfed.org/series/TOTBKCR https://fred.stlouisfed.org/series/TOTBKCR https://fred.stlouisfed.org/series/PSAVERT https://fred.stlouisfed.org/series/PSAVERT