The rich get richer and rates get lower

Re:The rich get richer and rates get lower by onlyrealcuzzo on Tuesday August 31, 2021 @05:00PM (#28373605)

The Fed is still reporting M3: https://fred.stlouisfed.org/series/MABMM301USM189S

It's "only" up 31.76% since Fed 2020 / before they started messing around.

It was already regularly increasing by ~7% per year - so you'd expect close to a ~10% difference. So we've got about ~20% more M3 than you would otherwise expect.

If they're trying to cover up data, they're doing a bad job.

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Re:The rich get richer and rates get lower by vdqtp3 on Tuesday August 31, 2021 @06:58PM (#28374650)

Thanks for the info. I had been referring to the Fed's weekly releases, which didn't include that. I went to look into why, and found "Since 2006, M3 is no longer tracked by the Federal Reserve. ... However, the Federal Reserve Bank of St. Louis and some other sources still publish M3 figures for economic data purposes"

Regardless, 7% is already ridiculous, and over 20% beyond that is absurd.

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