Tag Archives: U.S. GDP

Stocks On A Long Monetary Leash

M2 Money Stock – Weekly % Year-on-Year Change  Stunning to see the weekly monetary aggregates (M2) continue to grow at an unprecedented 25 percent year-on-year rate.  Not so stunning to see the stock market mania being led and fueled by … Continue reading

Posted in Coronavirus, Economics, Uncategorized | Tagged , , , , , , | 1 Comment

U.S. Economic Data Releases – May 31

Most of the economic data released today are moving the wrong way. (click here if charts are not observable)

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America’s FIRE Economy

We suspect you’ve seen a version of the following chart, which illustrates the secular decline in manufacturing and the rise of finance, insurance, and real estate (FIRE) in proportion to U.S. GDP.   We’ve added a few years to the data … Continue reading

Posted in Economics, General Interest, Real Estate | Tagged , , | 24 Comments