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A comment on Wall Street scooped up a third of Texas single family homes sold last year. Parent comment

Re:Wall Street scooped up a third of Texas single family hom... by statop on Tuesday June 13, 2023 @01:19AM (#36305770)
"In May 2020, the Federal Reserve changed the official formula for calculating the M1 money supply.

Prior to May 2020, M1 included currency in circulation, demand deposits at commercial banks, and other checkable deposits.

After May 2020, the definition was expanded to include other liquid deposits, including savings accounts. This change was accompanied by a sharp spike in the reported value of the M1 money supply."

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Re:Wall Street scooped up a third of Texas single family hom... by orangepurple on Tuesday June 13, 2023 @12:04PM (#36312245)
How convenient to change the definition at the same time that a tectonic shift in monetary policy occurs
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