Posted by curranjohn on 3rd of May 2023 at 08:36 am
You are not considering the fact the post covid money supply has
already had its impact. It has created malinvestment bubbles that
will lead to dislocation and failure. The bigger the post
covid rise in m2 the greater the risk associated with contraction.
Steve is right. The rate of change is what matters.
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You are not considering the
M2 money supply
Posted by curranjohn on 3rd of May 2023 at 08:36 am
You are not considering the fact the post covid money supply has already had its impact. It has created malinvestment bubbles that will lead to dislocation and failure. The bigger the post covid rise in m2 the greater the risk associated with contraction. Steve is right. The rate of change is what matters.