As M2 plateaued during 2006 / 2007 / 2008 - we saw an aggressive deflationary collapse.
A far more insidious Deflationary Event is approaching.
The absence of Collateral, A shortage of T-Bills, M1+M2's sudden reduction in May,
Geo-Political Risks (Extreme), Budgetary Crisis, Stimulus Bill(s) Passage Risk, the
End of the Moratorium on Mortgages, Rents, Subsidies - Jobless claims rising, Wages
rising and many more crosscurrents creating an undertow the Federal Reserve suggests
are "Transitory" with respect to "Inflation" with ZERO discussion of Health of their "System."
None.
Very ominous warnings appear and are ignored in this unusual environment.
Protection is bought every day, even though the VIX is trading a Large Daily Sell, Intra-day
there are clear signs there is a group whom is very concerned.
A far more insidious Deflationary Event is approaching.
The absence of Collateral, A shortage of T-Bills, M1+M2's sudden reduction in May,
Geo-Political Risks (Extreme), Budgetary Crisis, Stimulus Bill(s) Passage Risk, the
End of the Moratorium on Mortgages, Rents, Subsidies - Jobless claims rising, Wages
rising and many more crosscurrents creating an undertow the Federal Reserve suggests
are "Transitory" with respect to "Inflation" with ZERO discussion of Health of their "System."
None.
Very ominous warnings appear and are ignored in this unusual environment.
Protection is bought every day, even though the VIX is trading a Large Daily Sell, Intra-day
there are clear signs there is a group whom is very concerned.