– by New Deal democrat
I made the point a few weeks ago that the non-financial long leading indicators had turned at least neutral if not negative, while the financial ones were still positive.
But I’ve particularly had my eye on real money supply, especially M2. This post is up at XE.com.
And in an update, as of this morning’s consumer inflation number, Real M2 growth has fallen slightly below 3.0% YoY, which turns it from a positive to a neutral.