Thanks. Why is the line on the monetary conditions chart so low? Inverted YC? Decline in M2? Or what other components are so low relative to the zero line? This chart Does not make sense with stocks, gold and Bitcoin rising and Credit spread not elevated. Something seems off.
Thanks. Why is the line on the monetary conditions chart so low? Inverted YC? Decline in M2? Or what other components are so low relative to the zero line? This chart Does not make sense with stocks, gold and Bitcoin rising and Credit spread not elevated. Something seems off.