4 ms·

80% of all USD have been printed since 2020. https://fred.stlouisfed.org/series/M1SL https://fred.stlouisfed.org/series/M1SL

david927 4y ago
This is crazy big news and no one is talking about it.
- kixiQu 4y ago
  Really? To me it seems to show up in every discussion about the general economy these days.
  - rodneyhayes 4y ago
    The FED printing money? All I hear is everyone blaming everything/everyone but the FED as far as inflation goes.
    - david927 4y ago
      It's not that there's inflation -- it's the level of it. It's massive and will play out in very large terms in the coming years.
    - kixiQu 4y ago
      Yes, the Fed printing money. Memes from the younger, paragraphs from the older. More rarely mentioned by the credentialed, but so ubiquitously brought up by the commentariat that I just can't buy this as "few people are talking about."
walls 4y ago
That's probably because it's not true. You can see the definition of M1 changed at the exact time that chart shows a spike. https://www.federalreserve.gov/releases/h6/current/default.htm https://www.federalreserve.gov/releases/h6/current/default.h...
- O__________O 4y ago
  What exactly was the change in definitions and is it possible to account for the change or is information missing?
  - walls 4y ago
    Seems like this is probably it: https://fredblog.stlouisfed.org/2021/05/savings-are-now-more-liquid-and-part-of-m1-money/ https://fredblog.stlouisfed.org/2021/05/savings-are-now-more...
  - dublinben 4y ago
    According to Investopedia, "in May 2020, the definition of M1 changed to include savings accounts given the increased liquidity of such accounts." If you look at M2, which already added these in, the increase looks much smaller.[1] [0]https://www.investopedia.com/terms/m/m1.asp https://www.investopedia.com/terms/m/m1.asp [1]https://fred.stlouisfed.org/series/M2NS https://fred.stlouisfed.org/series/M2NS
newfonewhodis 4y ago
Ok. I guess I'll ask my dumb question. Why is that bad or "the next big thing"?
afpx 4y ago
There’s a lot of demand for those dollars. As long as the world continues to bring on 50-70m households to the middle class each year, we should be fine.

david927 4y ago

This is crazy big news and no one is talking about it.

kixiQu 4y ago
Really? To me it seems to show up in every discussion about the general economy these days.
- rodneyhayes 4y ago
  The FED printing money? All I hear is everyone blaming everything/everyone but the FED as far as inflation goes.
  - david927 4y ago
    It's not that there's inflation -- it's the level of it. It's massive and will play out in very large terms in the coming years.
  - kixiQu 4y ago
    Yes, the Fed printing money. Memes from the younger, paragraphs from the older. More rarely mentioned by the credentialed, but so ubiquitously brought up by the commentariat that I just can't buy this as "few people are talking about."

walls 4y ago

That's probably because it's not true. You can see the definition of M1 changed at the exact time that chart shows a spike. https://www.federalreserve.gov/releases/h6/current/default.htm https://www.federalreserve.gov/releases/h6/current/default.h...

O__________O 4y ago
What exactly was the change in definitions and is it possible to account for the change or is information missing?
- walls 4y ago
  Seems like this is probably it: https://fredblog.stlouisfed.org/2021/05/savings-are-now-more-liquid-and-part-of-m1-money/ https://fredblog.stlouisfed.org/2021/05/savings-are-now-more...
- dublinben 4y ago
  According to Investopedia, "in May 2020, the definition of M1 changed to include savings accounts given the increased liquidity of such accounts." If you look at M2, which already added these in, the increase looks much smaller.[1] [0]https://www.investopedia.com/terms/m/m1.asp https://www.investopedia.com/terms/m/m1.asp [1]https://fred.stlouisfed.org/series/M2NS https://fred.stlouisfed.org/series/M2NS

newfonewhodis 4y ago

Ok. I guess I'll ask my dumb question. Why is that bad or "the next big thing"?

afpx 4y ago

There’s a lot of demand for those dollars. As long as the world continues to bring on 50-70m households to the middle class each year, we should be fine.