2min chapter

FYI - For Your Innovation cover image

Gilt Trip with Cathie Wood

FYI - For Your Innovation

CHAPTER

Fiscal Policy and Monetary Policy

M2 growth peaked at 27% in 2020 and has been slowing ever since. We believe it is closing in or might be below 3% on a year-over-year basis in September. And we do not believe velocity is picking up. If anything, I think individuals and businesses are becoming more concerned and are spending less freely.

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