|
|
|
|
|
|
by readthenotes1
1884 days ago
|
|
|
Lies, damn lies, ... It's not as bad as that graph makes it look. Last April, all the money that was in savings and money market accounts seemingly got transferred to the m1. "...the modification of Regulation D in late April has effectively rendered savings accounts almost indistinguishable from checking accounts from the perspective of depositors and banks. Accordingly, the composition of M2 between M1 and non-M1 components conveys little economic information." https://fredblog.stlouisfed.org/2021/01/whats-behind-the-rec... |
|
|