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Scottgrannis Blogspot. Inflation is not like a virus that spreads through a population. A rising price in one part of the economy cannot...

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Scottgrannis.blogspot.com news digest

  • 9 days

    Slow M2 growth fuels stronger economic growth with low inflation

    Yesterday's release of the December M2 money supply figures showed a continuation of the sub-6% growth trend that has been in place since inflation peaked in mid-2022. Despite over three years of very sluggish money growth, economic growth has exceeded...

  • 1 month

    A return to relative tranquility

    This is a short note to highlight the significant decline in market volatility over the course of the past year.Price volatility is often thought of as "fear" that stems from uncertainty. The Vix Index, technically defined as the implied volatility...

  • 1 month

    Lots of things are looking up

    Valued readers, please excuse me. For the past few months I've suffered from writer's block complicated by a lack of government-produced data. I now have some facts to work with, and they look pretty good. I've assembled a baker's dozen of my favorite...

  • 4 months

    A brief update on M2

    This post is an update of a thesis I have been working on for many years. It's based on a fundamental tenet of Milton Friedman, who taught us that inflation happens when there is an oversupply of money relative to the demand for it. Newer readers might...

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