Just to point out 3 things..#1 GL $75tr bigger than M2 that's more than two US economies! #2 correl with BTC, 0.36 with GL since 2015 and 0.18 M2 #3 Granger causality, strong for GL, none for M2
People talk a lot about M2, they talk a lot about global liquidity, but few mention how they are pretty much both the same...
@crossbordercap will want to kill me for saying this, but I think they are both useful and they can be used to cross-reference each other...
E.g. last month M2 was showing 'higher' before the higher liquidity revisions hit the printing press.
This correlation between M2 and price wont last forever, but while it does, bears will get destroyed.
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