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Inflation, M2 Growth Rate, and the Mystery of the Overhang
The speakers explore the concept of inflation and its correlation with the M2 growth rate, discussing the overhang of money absorbed by financial markets instead of chasing goods. They examine possible explanations for this phenomenon, including savings by foreigners and cartels, as well as money going overseas, and contemplate the potential consequences of a decline in financial markets or de-dollarization.