Bidenomics? US Bank Credit Growth Approaches Stall Speed (0.7% YoY) As M2 Money Growth Reverses Course, But Still Negative Growth At -4% YoY (Biden Contemplates Blocking The Sun To Prevent Global Warming!)

Confounded Interest ^ | 07/02/2023 | Anthony B. Sanders

[Kaiser8408a]

Bidenomics is based on massive Federal spending and massive Fed monetary stimulus. But like all stimulus, it wears off. Such is the case with bank lending as The Fed raises interest rates.

US bank credit year-over-year (YoY) has stalled to a lowly 0.7% rate as M2 Money growth YoY increases slightly to -4%.

White House report signals openness to manipulating sunlight to prevent climate change.

Its figures. With the Socialist Federal Reserve manipulating interest rates and Biden/Congress spending like drunken sailors trying to manipuate economic growth, it makes sense that Biden wants to explore Bill Gate’s idiotic idea of blotting out the sun to prevent global warming.

Of course, Biden can hide at any of his 4 mansions and wear his Ray-ban Aviators to avoid the horror of his policies.

[Kaiser8408a]

Biden Banks!!!!!!!!!!!!!!!!!!

[McCarthysGhost]

Is there a coming liquidity shortage?

[Mr. Jeeves]

Of course, Biden can hide at any of his 4 mansions and wear his Ray-ban Aviators to avoid the horror of his policies.

He can promise student loan forgiveness and reparations, then none of the actual effects of his policies matter any more.

[struggle]

Yeah, I don’t think M2’s ever gone heavy negative. Even in 2008-2009 it just flat lined. The fed over created money so much though that I guess it’s inevitable.

[McCarthysGhost]

Banks are offering 4-5% annual interest on savings accounts.

[struggle]

Yeah, I wonder how much of M2 is hidden in Apple Save and Paypal Save accounts. I know its with a bank, but the programs are literally months old.