Damus
Dr. Jeff · 82w
People who complain about waiting 30 minutes or so for a #Bitcoin base layer transaction to go through... Have you ever waited for a new bank ACH or wire transfer to process? https://m.primal.net/Kf...
Kiwi C profile picture
Hey Jeff,

Can you explain the difference in how you think about global m2 versus US net liquidity or global net liquidity? I understand the calculation of net liquidity in terms of fed bs less tga less rrp. But this measure has been flat or down for a few months while global m2 is way up.
1
Dr. Jeff · 82w
In short, US net liquidity is the amount of Treasuries and (less so) mortgage-backed securities held in the coffers of the Federal Reserve and the US Treasury. -- This number tends to directionally correlate with US-based assets, such as micro-, small-, and mid-cap US equities. M2 is the estimated ...