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> https://fred.stlouisfed.org/series/M2SL https://fred.stlouisfed.org/series/M2SL This graph is absolutely insane. As I am completely unfamiliar with what is r
by fransje26 2y ago
> https://fred.stlouisfed.org/series/M2SL https://fred.stlouisfed.org/series/M2SL
This graph is absolutely insane. As I am completely unfamiliar with what is represented, would you have some pointers on where to start to understand what it represents?
I'm particularly intrigued by the very sharp rise during the covid time, when the global economy was in taters.
- daedrdev 2y agoIt's not as insane as it looks. They changed the definition of M2 in 2020, which means we expect to see a jump right then
- deleted 2y ago[deleted]
- fransje26 2y agoAh, thank you for the clarification.
- myroon5 2y agoThe definition of M1 expanded in ~April 2020: 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...
- greyface- 2y agoAnd to the extent that the definition of M2 changed in 2020 (the FRED series description indicates it did), this was only in response to the expansion of M1, to ensure that it was not double-counted in or removed from M2.
- greyface- 2y agohttps://en.wikipedia.org/wiki/Money_supply https://en.wikipedia.org/wiki/Money_supply
- cudgy 2y agoGo to the settings of the graph and set the graph to logarithmic. Growth is linear.