Another month, another loss of consumer purchasing power. In February, consumers lost another 1.8% YoY in purchasing power.
Why? The Federal Reserve has increased their stock on M2 Money by 26.33% YoY while M2 Velocity tanked 20.5% in the latest reading (Q4 2020).
This is the monetary version of the Hitchcock film “Strangers on a Train” (Criss-Cross).
Views: