Aug 6, 2023Liked by Steven Anastasiou

Steven, thank you for the great report this was an amazing weekend read. I have a question on Money Supply and Bank Credit: loan growth and and commercial bank deposits seem to be a lagging indicator based on all of the FRED charts. Wouldn’t the the decline in loans and M2 that were seen recently imply that the US entered a technical recession in late ‘22/early ‘23? Looking forward to your response!

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Aug 4, 2023Liked by Steven Anastasiou

Great insight!

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