Birdwatch Note Rating
2024-01-09 18:04:43 UTC - HELPFUL
Rated by Participant: E4BF9842FAFF8612E84F41E6C22F0E15C8E0E574DFF9F5B294A089F6CF281503
Participant Details
Original Note:
The jump in M1 in early 2020 was mostly due to the shift of savings accounts from M2 to M1. While the M1 still grew under Trump, it was not anywhere near the 4-5x this chart implies. https://fredblog.stlouisfed.org/2021/01/whats-behind-the-recent-surge-in-the-m1-money-supply/ https://fredblog.stlouisfed.org/2021/05/savings-are-now-more-liquid-and-part-of-m1-money/
All Note Details