Quote:
Originally Posted by Exhibitman
Nicolo, M2 has been contracting since February 2022 (per St. Louis Fed) and is back down to the level it was in Q2 2021. That is the result of the end of quantitative easing (QE4).
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And that's why inflation is down a lot the last couple of months, compared to 12-24 months ago.
There's also the issue that inflation has lags that are long and variable. So changes in M2 don't translate into immediate changes in inflation rates.
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Trying to wrap up my master mays set, with just a few left:
1968 American Oil left side
1971 Bazooka numbered complete panel
Last edited by raulus; 11-14-2023 at 10:39 AM.
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