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Hi Team

A few key takeaways:

  • #1 correlation between both is uncanny. like I said yesterday M2 grew by 40% in 2 years and real estate went up by 40% in 2 years. QED. 
  • #2 we are most probably beyond peak inflation 
  • #3 M2 Growth will slow but it will not stop growing... and the lag is 18 mths. 
  • #4 The Fed talks about QT (quantitative tightening) but they are having a hard time with this already.  eg new CHIPS bill is 1/4 of a Trillion!!! 

Thanks for sharing the chart Sanjay and get well soon!!!!

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Anonymous

Get well Sanjay! Thank you so much, we appreciate all you do. ☀️

Anonymous

Thanks James and Sanjay!