Re:US economy returned to growth last quarter, expanding 2.6%
by JumpCrisscross on Thursday October 27, 2022 @12:30PM
(#33360067)
> am using M2 money supply
It makes no sense to use a November 2020 rate of change in M2 to adjust a Q3 2022 real GDP estimate. GDP is a production metric. An output of the real economy. M2 is a monetary metric. An input into the financial system. To the degree their relationship has meaning, it’s as a rough measure of financialisation [1].
It makes no sense to use a November 2020 rate of change in M2 to adjust a Q3 2022 real GDP estimate. GDP is a production metric. An output of the real economy. M2 is a monetary metric. An input into the financial system. To the degree their relationship has meaning, it’s as a rough measure of financialisation [1].
[1] https://data.worldbank.org/indicator/FM.LBL.BMNY.GD.ZS?most_...