Parts of a draft post I am working on as to why m3 is most accurate and what it includes before tracking was discontinued:

Eurodollar Market Size

* Estimated Total Market: $14-16 trillion

* Untracked in Standard Inflation Calculations

* Potential Inflationary Contribution: 3-5% additional inflation annually

Repo Market Volume

* Daily Repo Market Transactions: $4-5 trillion

* Annual Equivalent: Approximately $1.4-1.8 quadrillion

* Potential Hidden Liquidity Impact: 2-4% additional inflation annually