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Not really-- prices are still quite elevated. Although the current cash buyers are probably in for a rude awakening when we finally exit this cycle.
by miguelazo 3y ago
Not really-- prices are still quite elevated. Although the current cash buyers are probably in for a rude awakening when we finally exit this cycle.
- onlyrealcuzzo 3y ago> prices are still quite elevated Or dollars are devalued since there's ~40% more M3 than pre-pandemic: https://fred.stlouisfed.org/series/MABMM301USM189S https://fred.stlouisfed.org/series/MABMM301USM189S Only time will tell which is the case
- readthenotes1 3y agoIirc, there is a huge surge in the M2 and M3 around 2020 when they reclassified money market money, making a comparison pre and post pandemic problematic
- onlyrealcuzzo 3y agoIIUC, that massively messed up M1 - but should not have impacted M3 much.
- miguelazo 3y agoSome interesting commentary on that yesterday also in the WSJ: https://www.wsj.com/articles/another-black-monday-may-be-around-the-corner-interest-rate-federal-reserve-b1df5c21?page=1 https://www.wsj.com/articles/another-black-monday-may-be-aro...