Lots Of Things Are Looking Up

Calafia Beach Pundit 57.08K Follower s Follow 5 Share Save Play ( 10min ) Comment (1) Summary The economy is in decent shape (2-3% growth) and inflation remains subdued (2.5% or less). M2 money supply is growing at a very moderate 4.5% rate, and most, if not all, of the $6 trillion increase in M2 that was "printed" during the Covid era has been absorbed. Commodity prices are very well-behaved and haven't shown any meaningful increase for years. The recent collapse in bitcoin could be presaging a similar decline in equity prices. Federal government spending has been flat for the past year, while revenues have increased by 10%. Getty Images 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 charts here, and I This article was written by Calafia Beach Pundit 57.08K Follower s Follow Scott Grannis was Chief Economist from 1989 to 2007 at Western Asset Management Company, a Pasadena-based manager of fixed-income funds for institutional investors around the globe. He was a member of Western's Investment Strategy Committee, was responsible for developing the firm's domestic and international outlook, and provided consultation and advice on investment and asset allocation strategies to CFOs, Treasurers, and pension fund managers. He specialized in analysis of Federal Reserve policy and interest rate forecasting, and spearheaded the firm's research into Treasury Inflation Protected Securities (TIPS). Prior to joining Western Asset, he was Senior Economist at the Claremont Economics Institute, an economic forecasting and consulting service headed by John Rutledge, from 1980 to 1986. From 1986 to 1989, he was Principal at Leland O'Brien Rubinstein Associates, a financial services firm that specialized in sophisticated hedging strategies for institutional investors. Visit his blog: Calafia Beach Pundit (https://scottgrannis.blogspot.com/)

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