Reported 1 day ago
The U.S. money supply (M2) has experienced its first significant year-over-year drop since the Great Depression, raising concerns about potential economic downturns and stock market corrections. Historically, significant declines in M2 correlated with recessions and high unemployment rates. While some experts suggest the current drop could be a temporary adjustment following rapid growth during the COVID-19 pandemic, the implications for consumer spending and market stability are noteworthy.
Source: YAHOO