13 Dec 2023 8:51 am
That is a great number by all means. The Consumer made up 68% of that increase. Will the consumer remain on a spending spree? Hard to say, there appears to be cracks forming around the edges.
One thing is for sure, a decrease in M2 money supply doesn't always mean a recession but all recessions are preceded by a decrease in M2 money supply.
So here we are, roll the dice. No one will remember this number if a recession hits. We are watching our penny's by choice, not everyone has that choice. Some people are still carrying credit card balances from last Christmas
.
One thing is for sure, a decrease in M2 money supply doesn't always mean a recession but all recessions are preceded by a decrease in M2 money supply.
So here we are, roll the dice. No one will remember this number if a recession hits. We are watching our penny's by choice, not everyone has that choice. Some people are still carrying credit card balances from last Christmas
.