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A comment on JPMorgan Chase Bank Assumes All the Deposits of First Republic Bank. Parent comment

Re:JPMorgan Chase Bank Assumes All the Deposits of First Rep... by throw_m239339 on Monday May 01, 2023 @04:39AM (#35770372)
> You linked to a chart showing a 10% decrease in the monetary base from peak, even including the run-up since February.

You should compare today's figures with 2010 figures, not the ones from a year ago.

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Re:JPMorgan Chase Bank Assumes All the Deposits of First Rep... by JumpCrisscross on Monday May 01, 2023 @04:42AM (#35770396)
> should compare today's figures with 2010 figures, not the ones from a year ago

Nobody will argue we didn’t print money in the last decade. Per unit of GDP, we have 22% more money than we had ten years ago [1].

Implying recent bank failures are causing that to increase is false, and in some ways backwards.

[1] https://fred.stlouisfed.org/graph/?g=lJS

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Re:JPMorgan Chase Bank Assumes All the Deposits of First Rep... by jarym on Monday May 01, 2023 @04:48AM (#35770430)
The amount of $ measured in terms of US GDP (also in $). That way of comparing things is fraught with issues
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Re:JPMorgan Chase Bank Assumes All the Deposits of First Rep... by JumpCrisscross on Monday May 01, 2023 @04:51AM (#35770453)
> amount of $ measured in terms of US GDP (also in $)

It’s convention because it cancels out a lot of noise. (Both nominal.) And there are practical reasons for a larger economy needing more money to work than a smaller one. But if you prefer, it can be calculated in various ways, all of which tell a similar story: we’ve been in a different regime for the last 1 to 3 years in which there is less money, and a regime before that since 2008 when there was a lot more money.

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