M2 consists of small-denomination time deposits >$100K - less IRA and Keogh balances at Institutions.
Balances in retail MMFs - less IRA and Keogh balances at MMFs.
M2: Savings Deposits, Small-Denomination Time Deposits, Retail Money Market Funds, + M1.
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In Sum, Consumer Economic activity and...
As BR & VG maintain a healthy prop under the Equities Complex....
Real activity outside of the "Markets" is grinding to a decided halt.
Uncertainty has gained a foothold and it is not going to reverse in
the near future.
The spectacle in chasing Price, big greens bars... is merely a trade.
It is not an investment, those days are long gone as the...
The explanation will be broken into several parts below:
You see what I see. M1/M2 Velocity collapsing while Fiscal Policies become far more
extreme in nature.
Profile and Structure are comprised of a great many observable metrics.
Volumes are wafer thin. Gamma squeezes are, on balance, failing.
Calls are what has driven volume, Stops at levels are being used...
Although WARNINGS abound - the emotional's wed to their beliefs
in Potential Short Squeeze(s)... the FED, Their charts, The sympatico
Herd, Confirmation Bias.
"Hoping" for Hope.
Ignoring the Signs.
It ends badly. Catalyst? Could be anything, FOMC, CHINA, DX/BONDS.
The footprints are observable.
M2 never declines, it is the Velocity which matters.
It's...
MZM money supply is M2 Money supply less small-denomination time deposits plus institutional money funds.
Recall that M1 = coins and currency in circulation + checkable (demand) deposit + traveler’s checks
& Recall that M2 = M1 + savings deposits + money market funds + certificates of deposit + other time deposits.
MZM Money supply is at ATH which generally...
M2V most recent data is from December 2019. It is likely near zero at the present moment.
Some voices are saying that the Fed liquidity and balance sheet expansion is inflationary, but the charts tell a different story.
The velocity of M2 is in complete freefall. We have reached the point where interest suppression is no longer an effective tool for monetary...
