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Spencer's avatar

Your soon to join 100 Best Economics Blogs.

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Macronomics - Martin Tixier's avatar

Thank you for the praise

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NatteringNaybob's avatar

As always, not very good, but excellent.

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Spencer's avatar

LOL. Powell:

#1 “there was a time when monetary policy aggregates were important determinants of inflation and that has not been the case for a long time”

#2 “Inflation is not a problem for this time as near as I can figure. Right now, M2 [money supply] does not really have important implications. It is something we have to unlearn.”

#3 “the correlation between different aggregates [like] M2 and inflation is just very, very low”.

Monetarism:

Parse date; R-gDp; Inflation

07/1/2022 ,,,,, 0.088 ,,,,, 1.195

08/1/2022 ,,,,, 0.124 ,,,,, 1.280

09/1/2022 ,,,,, 0.072 ,,,,, 1.143

10/1/2022 ,,,,, 0.093 ,,,,, 1.141

11/1/2022 ,,,,, 0.119 ,,,,, 0.906 deceleration

12/1/2022 ,,,,, 0.112 ,,,,, 0.594

01/1/2023 ,,,,, 0.107 ,,,,, 0.603

02/1/2023 ,,,,, 0.104 ,,,,, 0.543

03/1/2023 ,,,,, 0.111 ,,,,, 0.459

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Macronomics - Martin Tixier's avatar

Salmo Trutta from Seeking Alpha?

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Spencer's avatar

Yes.

N-gDp has been too high in 2022. But long-term money flows are turning down at the same time short-term money flows are headed up. So, stocks rise.

Atlanta’s gDpNow is up to 4%. Cleveland’s’ inflation nowcast is down to 5.4% in the 4th qtr.

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Macronomics - Martin Tixier's avatar

Great to exchange with you Spencer/Salmon.

As always it is great to have your great insights into money flows and the monetary machine.

Best,

Martin

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