This graph is absolutely insane. As I am completely unfamiliar with what is represented, would you have some pointers on where to start to understand what it represents?
I'm particularly intrigued by the very sharp rise during the covid time, when the global economy was in taters.
And to the extent that the definition of M2 changed in 2020 (the FRED series description indicates it did), this was only in response to the expansion of M1, to ensure that it was not double-counted in or removed from M2.
This graph is absolutely insane. As I am completely unfamiliar with what is represented, would you have some pointers on where to start to understand what it represents?
I'm particularly intrigued by the very sharp rise during the covid time, when the global economy was in taters.