TVBee
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In 2013, 2017, and 2021, every bull market occurred when the annual growth rate of US M2 was declining.
At present, the annual growth rate of US M2 is still in an upward stage.
➤M2 is the real liquidity indicator
Interest rates, QT or QE are just the policy starting points of liquidity.
M2 reflects both monetary policy and social economy, and M2 is the real liquidity indicator.
In 2017, interest rates were raised, but M2 was growing. In addition to the time lag of monetary policy, the prosperity of the real economy has made the base currency circulate faster in the economy, which will also promote the growth of M2.
➤M2 entered the end only after it went from acceleration to deceleration
The increase in the annual growth rate of M2 means the accelerated growth of liquidity.
The decline in the annual growth rate of M2 means the decelerated growth of liquidity.
When the growth of M2 goes from acceleration to deceleration, it is the end of growth.
For the sake of rigor, I have to say that although the US M2 is not equal to global liquidity, it is representative and even dominant.
That is why I firmly say that the bull market has not come. In fact, we may still be at the stage before 312.
At present, the annual growth rate of US M2 is still in an upward stage.
➤M2 is the real liquidity indicator
Interest rates, QT or QE are just the policy starting points of liquidity.
M2 reflects both monetary policy and social economy, and M2 is the real liquidity indicator.
In 2017, interest rates were raised, but M2 was growing. In addition to the time lag of monetary policy, the prosperity of the real economy has made the base currency circulate faster in the economy, which will also promote the growth of M2.
➤M2 entered the end only after it went from acceleration to deceleration
The increase in the annual growth rate of M2 means the accelerated growth of liquidity.
The decline in the annual growth rate of M2 means the decelerated growth of liquidity.
When the growth of M2 goes from acceleration to deceleration, it is the end of growth.
For the sake of rigor, I have to say that although the US M2 is not equal to global liquidity, it is representative and even dominant.
That is why I firmly say that the bull market has not come. In fact, we may still be at the stage before 312.
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