Economics Uncovered Chart Pack: August 2023
The latest monthly Economics Uncovered Chart Pack is out now: with 86 charts in total, this chart pack provides a comprehensive view of inflation, the money supply, GDP & the jobs market.
With 86 charts in total, this chart pack represents a comprehensive overview of key topics, including:
the global money supply & inflation;
the US banking sector;
US GDP; and
US employment.
Included in the chart pack are three proprietary indicators:
1) Economics Uncovered Global M1 Proxy (YoY change)
With most central banks around the globe aggressively tightening monetary policy, it’s no surprise to see that the Economics Uncovered Global M1 Proxy remains in deeply negative territory. This is likely to result in a sharp reduction in inflation in many nations around the globe over the medium-term — it also means that there’s likely to be significant downward pressure on nominal economic activity over the medium-term.
2) Economics Uncovered Global M2 Proxy (YoY change)
While the Economics Uncovered Global M1 Proxy remains in deeply negative territory, the Economics Uncovered Global M2 Proxy has recently returned to YoY growth. A key reason for this divergence, is that the broader definition of…