Something is afoot, freaks. The powers that be are at it again, manipulating data under the guise of "providing the markets with a more accurate view of what is going on". The most recent case of this is the Fed's decision to change the way in which they report M2 Money Stock data by extending the amount of time between data points from one week to one month.
Many are saying that the reporting of the M2 Money Stock has been completely discontinued. This isn't the case, they are simply discontinuing the weekly chart and transitioning to a monthly chart. However, it is a bit odd that this change is being made as it seems obvious that the Fed is about to continue down the path of more dovish monetary policy as many are expecting the fiscal side to come in with some direct stimulus as well.
This has a very "hedonic adjustment" vibe to it. They are actually using "seasonal adjustments" as the excuse for this transition.
To me, this move stinks like shit and makes me believe the Fed is trying to obfuscate and delay data to temper market reactions to the expansion of M2 in real time. One of the reasons I can see them doing this is because they know markets would react poorly if they had the info available on a more consistent basis. It acts as a way to obfuscate the scale at which they are expanding the monetary base just as hedonic adjustments obfuscate the true rate of inflation.
"BuT uNcLe MaRty, ThErE iS nO iNfLaTiOn! MaYbE iT wIlL rIsE wItH fIsCaL sTiMuLuS!"....
Shut the fuck up and open your eyes. These people are actively gaslighting the world and destroying society in the process. Buy bitcoin.
It's still Wednesday on the West Coast.