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Much of the increase was just banks relabeling their M2 money as M1. This happened when banks stopped penalizing people from withdrawing from their savings acco
by Aunche 6y ago
Much of the increase was just banks relabeling their M2 money as M1. This happened when banks stopped penalizing people from withdrawing from their savings account more 6 times a month.
- imtringued 6y agoYeah, it's annoying, it ruins the usefulness of the charts but it has no short term or long term significance.