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I mean something unusual definitely happened in the US https://fred.stlouisfed.org/series/M1SL https://fred.stlouisfed.org/series/M1SL. Is the alternative that
by space_fountain 3y ago
I mean something unusual definitely happened in the US https://fred.stlouisfed.org/series/M1SL https://fred.stlouisfed.org/series/M1SL. Is the alternative that companies suddenly discovered they were greedy?
edit: though I do want to add the m2 supply might be more important here, and it doesn't show anything as dramatic https://fred.stlouisfed.org/series/M2SL https://fred.stlouisfed.org/series/M2SL. https://fredblog.stlouisfed.org/2021/01/whats-behind-the-recent-surge-in-the-m1-money-supply/ https://fredblog.stlouisfed.org/2021/01/whats-behind-the-rec...
- HDThoreaun 3y agoThey changed the definition of m1 which is the cause of that spike. M2 is definitely the better metric.
- space_fountain 3y agoI did notice that change, but then the article didn’t mention it? Do you have a source for the change being responsible for the spike? The timing is suspicious, but the fed appears to be trying to bring the money supply back in line with the trend from before the spike