There has been a lot of talk about the falling M2 money supply stats. I've been waiting for the June number and it seems we are back to expansion. That's not good news for those of us who were hoping for price declines.
So it would seem that the bite out of my pension will remain just that -- a subsidy to those who were also "retired" during the pandemic, and effectively a subsidy to all those who are going to get pay raises to compensate.
This also suggests that the backdoor QE that the Fed started to keep banks afloat is alive and well. It's no wonder that the stock market is soaring again.
I'm just wondering how the government is going to fund these interest payments. Or will it simply choose high inflation and find some way to lie about it?
So it would seem that the bite out of my pension will remain just that -- a subsidy to those who were also "retired" during the pandemic, and effectively a subsidy to all those who are going to get pay raises to compensate.
This also suggests that the backdoor QE that the Fed started to keep banks afloat is alive and well. It's no wonder that the stock market is soaring again.
I'm just wondering how the government is going to fund these interest payments. Or will it simply choose high inflation and find some way to lie about it?
