Its just like The Federal Reserve to be cutting US money growth as US jobs cuts accelerate.
The latest US money growth numbers are out and they are daunting. M2 Money growth YoY is now negative at -1.8%.
M1 money, a narrower defition of money, is now down -3.6% YoY.
This is happening as the labor market is seeing a wave of layoffs.
As M2 growth YoY and The Fed balance sheet shrinks, so does Cathie Wood’s AARK.
We are just the stepping stone for The Fed.
As The Fed ponders inflation versus job growth, its a case of “Him or Me, What’s it going to be?”
Like this:Like Loading…
Related