Readit Newshttps://fred.stlouisfed.org/series/M2SL
> Before May 2020, M2 consists of M1 plus (1) savings deposits (including money market deposit accounts); (2) small-denomination time deposits (time deposits in amounts of less than $100,000) less individual retirement account (IRA) and Keogh balances at depository institutions; and (3) balances in retail money market funds (MMFs) less IRA and Keogh balances at MMFs.
> Beginning May 2020, M2 consists of M1 plus (1) small-denomination time deposits (time deposits in amounts of less than $100,000) less IRA and Keogh balances at depository institutions; and (2) balances in retail MMFs less IRA and Keogh balances at MMFs. Seasonally adjusted M2 is constructed by summing savings deposits (before May 2020), small-denomination time deposits, and retail MMFs, each seasonally adjusted separately, and adding this result to seasonally adjusted M1.
EDIT: Of course since M1 is what really changed, M2 is effectively the same.
Letting the LLM explain it more clearly than I can:
What exactly changed according to the FRED definition? Before May 2020: M2 included: M1 (currency in circulation + checking accounts + other transaction accounts) Savings deposits (including money market deposit accounts, MMDAs) Small-denomination time deposits (under $100,000, excluding IRA and Keogh balances) Retail money market mutual fund balances (excluding IRA and Keogh balances) Thus, M2 = M1 + Savings deposits (including MMDAs) + Small time deposits + Retail MMFs.
After May 2020: M1 was expanded to include savings deposits and money market deposit accounts (previously, savings and MMDAs were NOT part of M1; they were only part of M2). Since savings and MMDAs moved into M1, the definition of M2 no longer needs to separately add these categories—they are already captured within M1. Thus, after May 2020, the Fed simplified the definition to:
M2 = (New) M1 + Small-denomination time deposits + Retail MMFs
But importantly, note the following:
M1 itself was significantly expanded (now including savings and money market deposits), causing M1 to spike substantially overnight.
M2 overall did NOT lose or gain any category. It still includes all the exact same accounts and balances. It simply shifted the categorization of savings deposits and MMDAs into M1, so these no longer need separate listing when describing M2.
In the middle of Covid, the Federal Reserve changed the definition of M2 money supply at the exact moment of the largest increase in the money supply to date for unknown reasons. It made all comparisons between pre- and post-change numbers difficult, probably a coincidence.
USG is an independent organism that is under attack and it is fighting back however it can. Remember, it's always looking out for itself, not for you.
FUD / Citation required. Quick google search reveals you are incorrect (components of M2 shifted, and portions moved between M1 and M2, but M1 is a subset of M2, so there is no significant change to total M2 supply before and after).
Also Federal Reserve is not part of the US Government.
scrollbar commented on Twitter.com – Is Twitter Down? isitdownrightnow.com/twit... · Posted by u/antimora
scrollbar commented on The Simple Guide to Building and Breaking Habits alexy.tech/posts/the-simp... · Posted by u/alexander2002
> Instead of relying solely on penalties for engaging in a bad habit, introduce a positive action right after to replace it.
This seems counterintuitive as I would expect this to reinforce the bad habit. No citation or explanation given. Any ideas?
scrollbar commented on Financial market applications of LLMs thegradient.pub/financial... · Posted by u/andreyk
I assume you're ingesting PDFs. If so, how are you handling tables accurately?
A coworker presented a demo the other day of this - asking LLM (I think it was OpenAI) to extract the text from a PDF - each page of the PDF passed as an image. It was able to take a table and turn it into a hierarchical representation of the data (ie. Column with bullets under it for each row, then next column, etc.)
If you haven't tried maybe worth a shot
Do you mean a deja-vu? Or do you mean something different?
I think a clinical psych person may label this as depersonalization/derealization.
But I like how the parent called it "a slow integration of diverse parallel processes" - not labeling the experience as some kind of problem.
It’s a horrific and brutal scenario that pits victims against victims. In many ways, the targets have less to lose than the victims targeting them.
https://en.wikipedia.org/wiki/KK_Park