M2 growth peaked in Q4 2020, the highest spike since at least 1870.
Inflation typically peaks after M2 growth peaks.
M2 growth from Q4 2020 to Q3 2022 is the steepest drop on record.
Other periods with steep drops (1870s, 1882, 1893, 1920, 1929, post-WWII) typically are followed by periods of deflation, and often recession or depression.
golack
Repeal Trump's tax giveaway to the wealthy...
Unfortunately, capital flows to where it can give the surest highest returns, not to where it's needed most. Hedge funds buy up single family homes to rent back to would be first time home buyers--i.e. rent seeking.
Funding for more renewable energy???
Gov't. shouldn't control markets, but should stop subsidizing "bad" choices.
In general, turbines and steam engines are the middle-men of energy. It's one of the reasons why solar cells are attractive (at least to me).
Still, the point of fusion research is to make all of the hundreds of breakthroughs needed to make fusion power a reality. What we, as a nation, spend on fusion research is less than what the largest fossil fuel producer spends on fossil fuel research.
So, another couple of months and we'll be back on trend.
Four years to go from 16 to 18. Not due to be at 20 then until 2024, and currently at something like 21.5.
depends on how you draw your trend lines 😉
That’s true. A Drumesque trendline would have us already back to trend in support of MMCA. Making Money Cheap Again.
To be fair, I was using a Mark-I Eyeball and the straight edge of a comb held up to my screen.
Despite conservatives blaming Biden for stoking inflation, it is obvious that the surge in money-supply occurred under Trump’s watch.
Uh huh. Just like how 9/11 happened during W’s first term, but “Bush kept us safe” became all that most people remember from that era.
Despite the huge rise in 2020, all the blame for inflation will be dumped onto Biden’s lap. Trump will skate by, like Republicans always do.
Well my M2 is certainly down! (and falling). sigh....
Here's the longer trend for M2 growth, along with inflation.
https://www.longtermtrends.net/m2-money-supply-vs-inflation/
M2 growth peaked in Q4 2020, the highest spike since at least 1870.
Inflation typically peaks after M2 growth peaks.
M2 growth from Q4 2020 to Q3 2022 is the steepest drop on record.
Other periods with steep drops (1870s, 1882, 1893, 1920, 1929, post-WWII) typically are followed by periods of deflation, and often recession or depression.
Repeal Trump's tax giveaway to the wealthy...
Unfortunately, capital flows to where it can give the surest highest returns, not to where it's needed most. Hedge funds buy up single family homes to rent back to would be first time home buyers--i.e. rent seeking.
Funding for more renewable energy???
Gov't. shouldn't control markets, but should stop subsidizing "bad" choices.
OT: For those who remain stuck on their fusion energy trope, https://bityl.co/G9wi
This is sobering and not paywalled:
https://mobile.twitter.com/elidourado/status/1602331689182810113
In general, turbines and steam engines are the middle-men of energy. It's one of the reasons why solar cells are attractive (at least to me).
Still, the point of fusion research is to make all of the hundreds of breakthroughs needed to make fusion power a reality. What we, as a nation, spend on fusion research is less than what the largest fossil fuel producer spends on fossil fuel research.