Mar 8, 2022
3:20:05pm
3:20:05pm
There definitely was-- in May 2020. It was to add money market deposit accounts
to M1 instead of having them only show up in M2 (or that's what it looks like to me reading the notes).
M2 (which always included those accounts) shows a jump from $15.4tr to $21.8tr in the same timeframe. So it's possible the jump is way smaller-- albeit still very significant. The "on-trend" number looks like it would be about $16-17tr, which means we have a lot of cash ($4.8-5.8tr) to burn through to return to trend. IDK how long that might take or what the near-term impact would be.
M2 (which always included those accounts) shows a jump from $15.4tr to $21.8tr in the same timeframe. So it's possible the jump is way smaller-- albeit still very significant. The "on-trend" number looks like it would be about $16-17tr, which means we have a lot of cash ($4.8-5.8tr) to burn through to return to trend. IDK how long that might take or what the near-term impact would be.
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- Socrates Johnson
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- Jul 19, 2002
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- May 22, 2024
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3/8/22 9:02am
3/8/22 9:05am
3/8/22 9:14am
The reason they say that is because they don't know any better and just want to sell homes. Come on now. Ragnar is right
3/8/22 9:16am
There’s only a lack of inventory relative to a given amount of demand. When people cite a shortage as a reason prices
3/8/22 9:35am
3/8/22 12:02pm
3/8/22 1:07pm
3/8/22 1:38pm
3/8/22 2:49pm
3/8/22 3:01pm
3/8/22 9:57am
3/8/22 9:20am
I think people are sitting on a lot of equity in their homes. They may have mortgaged to the max when they bought but
3/8/22 9:27am
3/8/22 9:31am
3/8/22 9:51am
3/8/22 10:51am