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this post was submitted on 07 Feb 2024
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I'm no financial analyst and im no good at all of the legal jargon, but aren't the notes below this chart explaining they changed how they calculate this right around may 2020?
Like I said, I'm illiterate when it comes to the technical side of this stuff, so I just googled and from what I'm gathering from this article below, the fed changed the rules for what defines a savings account so they're almost the same as checking, and that caused them both to get reported in M1 and that's the majority of that surge of cash.
Feel free to correct me with better evidence, like I said again, I'm just trying to understand the legal wording here:
https://collabfund.com/blog/the-fed-isnt-printing-as-much-money-as-you-think/
True. If we stick to the older definition of M1 then it increases only by 125%. From 4 to 9bn
If we look at M2 which includes M1 then we still see the massive recent increase in the money supply.