Monetary indicators (M2 and others) are deeply negative year-over-year, signaling a liquidity event and bank credit event is coming; there's an 18-month lag in Fed policy effects, so the November 2022 decline in M2 growth should manifest as a credit crunch by May 2024.
causalpending
Speaker
Ed DowEvidence Quote
“M2 year-over-year growth went uh below zero for the first time since the you know the Great Depression go forward 18 months that was May of this year”
Created: 8/11/2026, 6:41:08 AM
My Notes
Loading notes...