Use M1

This is what I want.  M[the least], namely the money that we carry in our pocket day to day.  That is the important money, that money tells us the highest velocity transactions and smallest transaction size.  That money dynamic set the short end of the curve, where the curve meets the noise.   The other thing about retail money, as long as exchanges are working, the retail definition is likely to be useful, the other definitions are useless until we decompose the effective terms in the curve.  In other words, retail money should  stabilize first.