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Do you know how this system works?
Sure do! Speaking of knowledge, do you know how to *not* act like a dick?
I don’t pay particularly close attention to what the Fed does, but I do check the ShadowStats site from time to time. See:
http://www.shadowstats.com/alternate_data
The M1 line has been sorta going downwards for awhile.
If the Fed is inflating again as of last week it won’t be visible there and is indeed news to me. Thanks for the heads up.