Replying to Avatar Byzantine

this is actually a measure of eurodollar banking fractional reserve in money multiplication but it certainly does lead to asset inflation
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Will Cole 2y ago

But is it a better indicator than CPI?

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Byzantine 2y ago

anything is better than cpi

global stock market cap is certainty a money inflation proxy just like m3 and the global real estate market

today almost everything acts like a money proxy so you are definitively right about the signal here