#money #credit #M2 #CPI #federalreserve #FRED #inflation #dollar #commodities #gold #silver
Today we will look at how the new M2 data has not been able to hide inflation but has only smoothed out the charts.
We will also look at why inflation and the price rises we are seeing for consumers are not transitory or temporary and why the so-called excuse of the "base effect" is not applicable anymore.
Discontinued M2: https://fred.stlouisfed.org/series/M2
New M2: https://fred.stlouisfed.org/series/M2SL
It Gets Ugly: Dollar’s Purchasing Power Plunged at Fastest Pace since 1982. It’s “Permanent” not “Temporary,” Won’t Bounce Back by Wolf Richter: https://wolfstreet.com/2021/06/10/it-gets-ugly-dollars-purchasing-power-plunged-at-fastest-pace-since-1982-its-permanent-not-temporary-wont-bounce-back/
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