Wow! Martin Wolf, the Financial Times' chief economics commentator: "The G7 must accept that it cannot run the world. American hegemony and the group’s economic dominance are now history."https://t.co/VSUKquPaI1

— Arnaud Bertrand (@RnaudBertrand) May 23, 2023

The US Money Supply has fallen 4.6% over the last 12 months, the largest year-over-year decline on record (note: M2 data goes back to 1959). pic.twitter.com/0TRuEXbyxs

— Charlie Bilello (@charliebilello) May 24, 2023

Real M2 Money Supply is now below the 10 year trend with no signs of slowing.

Soon people will be begging the Fed to save the economy from the crisis they created… again. https://t.co/MZq0tD4i28 pic.twitter.com/VqCEINjmVI

— Financelot (@FinanceLancelot) May 24, 2023

Deflation isn't some distant threat, either. It's already here. Commodities like copper setting new lows just today. Others like iron and especially Chinese steel heading that way. Supply factors have been overtaken by global (nasty) recession.https://t.co/wmATAhRWft pic.twitter.com/GclehMkbsk

— Jeffrey P. Snider (@JeffSnider_AIP) May 24, 2023

Doesn't look like a good year for the German economy in 2023. After 7 consecutive months of growth, the Ifo Expectations Index has suddenly turned sharply negative. This index is a good leading indicator for economic growth. pic.twitter.com/zSVztrQ7HB

— Holger Zschaepitz (@Schuldensuehner) May 24, 2023