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Thursday, 12/29/2022 2:53:15 PM

Thursday, December 29, 2022 2:53:15 PM

Post# of 37920
Mish: Is Inflation Always And Everywhere A Monetary Phenomenon?
https://www.zerohedge.com/economics/mish-inflation-always-and-everywhere-monetary-phenomenon

[Note: TCMDO=Total Credit Market Debt]

Excerpt:
TCMDO is $92 trillion. Data is through the third quarter of 2022.
How the heck is that supposed to be paid back?

Forget about M2, for now. Watch TCMDO instead. If credit collapses, the economy and the Fed is in deep trouble.
By the way, please note M2 money supply is $21.4 trillion while total credit owed TCMDO is $92.2 trillion.
Will these converge? Which way, how, and when?
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