Money supply (M2) year-over-year growth is now zero, which has never happened since data started in 1959; M1 is contracting at 2% annually; and these contracting money measures are a great leading indicator of falling inflation, contradicting the consensus view of persistent inflation.
factualpending
Speaker
David RosenbergEvidence Quote
“we have a situation where M2 year-over-year is now zero. Since 1959, that's when the data started, it's never been that weak. M1 is now contracting at a 2% annual rate.”
Source
DoubleLine Round Table Prime, 2023 - Part 1: Macroeconomic State of Play 1-4-23— DoubleLine CapitalCreated: 8/11/2026, 1:33:48 AM
My Notes
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