US demand deposits - which make up the vast majority of M2 - have been falling since last August. Now we are seeing the consequences of the yield curve inversion that began last July, which I feared last September and described in the thread below. The inversion has worsened.

nitter.moomoo.me/CathieDWood/status/1574513481436520461#m (https://nitter.moomoo.me/CathieDWood/status/1574513481436520461#m)

https://nitter.moomoo.me/CathieDWood/status/1635259814292123649#m