Americans Sit On A Mountain Of Cash Amid Pandemic

Published Friday, November 27, 2020 at: 7:55 PM EST

With the cloud from the Covid pandemic looming large, Americans are sitting on an unprecedented mountain of cash. M2 -- the money supply -- a statistic no one has cared about since Paul Volcker ran the Federal Reserve in the late 1970s, has exploded! With bond yields ultra-low and the annual rate of inflation falling yet again in October to just 1.2%, the financial and economic outlook is bright. It's confounding! In 2020, the nation endured perhaps the worst trauma and drama of the post-War era. Deaths from Covid are breaking tragic records. A political schism is occurring amid an information revolution. The...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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