There is a high likelihood that, due to the past large decline in the yearly growth rate of the money supply, the US economy is heading towards an economic bust. Note that the yearly growth rate of money supply fell from 79 percent in February 2021 to minus 7 percent by May 2023. The sharp decline in the yearly momentum of money supply is starting to hurt various activities that emerged on the back of the huge increases in the money supply between August 2019 and February 2021—from minus 1 percent to 79 percent. It is likely that the effect of this massive increase is still dominating the present state of economic activity. [...]