As of December 1, 2024 the ruble money supply (M2) amounted to 111.0 trillion rubles. In November, the monetary aggregate M2 increased by 1.9%. The annual growth rate of monetary aggregate M2 increased to 20.0% (in October – 19.5%)
December 30, 2024 at 5:41 AM
As of December 1, 2024 the ruble money supply (M2) amounted to 111.0 trillion rubles. In November, the monetary aggregate M2 increased by 1.9%. The annual growth rate of monetary aggregate M2 increased to 20.0% (in October – 19.5%)
The M2 Money supply growth is over 19% year on year
And…
And…
February 26, 2025 at 11:41 PM
The M2 Money supply growth is over 19% year on year
And…
And…
Scientists like Zeke Hausfather have known that growth is growing and yet... Again, growth is growing for CO2 and climate forcing (W/m2). Where do we go from here?
Would it help if we grew the human population and eating meat in the meantime too?
#NTHE
Would it help if we grew the human population and eating meat in the meantime too?
#NTHE
October 10, 2026 at 2:25 PM
Scientists like Zeke Hausfather have known that growth is growing and yet... Again, growth is growing for CO2 and climate forcing (W/m2). Where do we go from here?
Would it help if we grew the human population and eating meat in the meantime too?
#NTHE
Would it help if we grew the human population and eating meat in the meantime too?
#NTHE
According to the preliminary estimate, as of December 1, 2024, the ruble money supply (M2) amounted to 111.1 trillion rubles, having increased by 2.0% over November. The annual growth rate of the M2 monetary aggregate increased to 20.1% in November (in October - 19.5%).
December 9, 2024 at 9:09 AM
According to the preliminary estimate, as of December 1, 2024, the ruble money supply (M2) amounted to 111.1 trillion rubles, having increased by 2.0% over November. The annual growth rate of the M2 monetary aggregate increased to 20.1% in November (in October - 19.5%).
But if you plot M2 - real gdp growth vs. Inflation, you do.
M2 growth=17%
Real gdp growth= -6%
Inflation = ~ 23%
M2 growth=17%
Real gdp growth= -6%
Inflation = ~ 23%
March 29, 2025 at 3:47 AM
But if you plot M2 - real gdp growth vs. Inflation, you do.
M2 growth=17%
Real gdp growth= -6%
Inflation = ~ 23%
M2 growth=17%
Real gdp growth= -6%
Inflation = ~ 23%
Residual after adjusting for M2 growth.
May 1, 2023 at 2:37 PM
Residual after adjusting for M2 growth.
‘M2 y/y growth is back to 5.6% y/y, and climbed at a 7% annualized rate over the last 6 months. Either the Fed needs to get religion and shrink the balance sheet to rein in money growth, or inflation is going to remain stubbornly resistant to a return to 2%.’ inflationguy.blog/2026/07/14/i...
July 14, 2026 at 3:59 PM
‘M2 y/y growth is back to 5.6% y/y, and climbed at a 7% annualized rate over the last 6 months. Either the Fed needs to get religion and shrink the balance sheet to rein in money growth, or inflation is going to remain stubbornly resistant to a return to 2%.’ inflationguy.blog/2026/07/14/i...
The Russian Central Bank Released updated data on the M2 money supply got the end of January 2025z
The money supply usually goes down a bit in January, but year one year, the rate went up just slightly.
It’s still over 19% growth.
The money supply usually goes down a bit in January, but year one year, the rate went up just slightly.
It’s still over 19% growth.
February 21, 2025 at 5:51 PM
The Russian Central Bank Released updated data on the M2 money supply got the end of January 2025z
The money supply usually goes down a bit in January, but year one year, the rate went up just slightly.
It’s still over 19% growth.
The money supply usually goes down a bit in January, but year one year, the rate went up just slightly.
It’s still over 19% growth.
Russia money supply growth just flipped.
2024-25: M2 (savings/term deposits) grew fastest as the CBR key rate hit 20% --> people chased high deposit yields.
2026: key rate cut to 14%, and now M0 (cash) +18.5% YoY beats M2 +13.2%. Deposits lost their edge.
2024-25: M2 (savings/term deposits) grew fastest as the CBR key rate hit 20% --> people chased high deposit yields.
2026: key rate cut to 14%, and now M0 (cash) +18.5% YoY beats M2 +13.2%. Deposits lost their edge.
August 28, 2026 at 2:00 PM
Russia money supply growth just flipped.
2024-25: M2 (savings/term deposits) grew fastest as the CBR key rate hit 20% --> people chased high deposit yields.
2026: key rate cut to 14%, and now M0 (cash) +18.5% YoY beats M2 +13.2%. Deposits lost their edge.
2024-25: M2 (savings/term deposits) grew fastest as the CBR key rate hit 20% --> people chased high deposit yields.
2026: key rate cut to 14%, and now M0 (cash) +18.5% YoY beats M2 +13.2%. Deposits lost their edge.
6/ Back to M2. Notice the wedge the Fed introduced between total loans and total deposits. Those deposits are part of M2 but they no longer correspond to growth in economic activity.
P.S. Now posting day-to-day content like this only on Bluesky. Twitter only gets resistance against the oligarchy 🤣
P.S. Now posting day-to-day content like this only on Bluesky. Twitter only gets resistance against the oligarchy 🤣
February 13, 2025 at 1:47 PM
6/ Back to M2. Notice the wedge the Fed introduced between total loans and total deposits. Those deposits are part of M2 but they no longer correspond to growth in economic activity.
P.S. Now posting day-to-day content like this only on Bluesky. Twitter only gets resistance against the oligarchy 🤣
P.S. Now posting day-to-day content like this only on Bluesky. Twitter only gets resistance against the oligarchy 🤣
Saw a lot of online chatter this weekend about the growth rate of the Canadian money supply (M2). Not surprisingly, it did rise faster than average during the pandemic, but in recent years as been at, or below, historic norms.
August 31, 2026 at 2:49 PM
Saw a lot of online chatter this weekend about the growth rate of the Canadian money supply (M2). Not surprisingly, it did rise faster than average during the pandemic, but in recent years as been at, or below, historic norms.
We see the strongest population and consumption (eating animals, cars, planes) in history. We therefore see atmospheric CO2 record growth and record °C and record forcing (W/m2). Also, something about El Nino.
jimehansen.substack.com/p/beware-med...
jimehansen.substack.com/p/beware-med...
October 5, 2026 at 4:01 PM
We see the strongest population and consumption (eating animals, cars, planes) in history. We therefore see atmospheric CO2 record growth and record °C and record forcing (W/m2). Also, something about El Nino.
jimehansen.substack.com/p/beware-med...
jimehansen.substack.com/p/beware-med...
New paper! Check out @zifeiyang.bsky.social gorgeous data from M2 glaciation (3.3Ma) - stunning Melonis Mg/Ca temperature records allow us to be confident about ice growth, but this was not like later glaciations following iNHG, we think gateways were more important: www.nature.com/articles/s41...
Major sea level fall during the Pliocene M2 glaciation - Nature Communications
This study refines benthic foraminiferal Mg/Ca paleothermometry to reduce uncertainties to ±0.2-0.3 °C, which was then applied in Atlantic and Pacific sediment cores to reconstruct Mid-Pliocene M2 gla...
www.nature.com
August 18, 2025 at 11:11 AM
New paper! Check out @zifeiyang.bsky.social gorgeous data from M2 glaciation (3.3Ma) - stunning Melonis Mg/Ca temperature records allow us to be confident about ice growth, but this was not like later glaciations following iNHG, we think gateways were more important: www.nature.com/articles/s41...
⭐ 🎬
Excited for the premier of the first M2 video!
Featuring @meaganmacdonald.bsky.social, @erikainka.bsky.social, @andreatay.bsky.social, & @drjinks.bsky.social, this video encapsulates the opportunities for growth that are unlocked with M2 as your co-teacher. #EduSky
⤵️
vimeo.com/1075733243
Excited for the premier of the first M2 video!
Featuring @meaganmacdonald.bsky.social, @erikainka.bsky.social, @andreatay.bsky.social, & @drjinks.bsky.social, this video encapsulates the opportunities for growth that are unlocked with M2 as your co-teacher. #EduSky
⤵️
vimeo.com/1075733243
M2 Testimonial
This is "M2 Testimonial" by Swivl on Vimeo, the home for high quality videos and the people who love them.
vimeo.com
April 15, 2025 at 6:49 PM
⭐ 🎬
Excited for the premier of the first M2 video!
Featuring @meaganmacdonald.bsky.social, @erikainka.bsky.social, @andreatay.bsky.social, & @drjinks.bsky.social, this video encapsulates the opportunities for growth that are unlocked with M2 as your co-teacher. #EduSky
⤵️
vimeo.com/1075733243
Excited for the premier of the first M2 video!
Featuring @meaganmacdonald.bsky.social, @erikainka.bsky.social, @andreatay.bsky.social, & @drjinks.bsky.social, this video encapsulates the opportunities for growth that are unlocked with M2 as your co-teacher. #EduSky
⤵️
vimeo.com/1075733243
Number 10 North is up and running, bringing the centre of the UK government to the M2 postcode. (Heron House in Albert Square).
www.ft.com/content/4776...
www.ft.com/content/4776...
Andy Burnham’s ‘Number 10 North’ is already up and running
[FREE TO READ] Government intends Manchester office to be ‘engine room of devolution and good growth in every postcode’
www.ft.com
July 21, 2026 at 6:33 PM
Number 10 North is up and running, bringing the centre of the UK government to the M2 postcode. (Heron House in Albert Square).
www.ft.com/content/4776...
www.ft.com/content/4776...
‼️ The 3 month rolling average growth rate of the M2 money supply reached 19-20% over the past three months in Russia, per data from the Central Bank.
Inflation is driven by state owned banks issuing credit when there shouldn’t be. The Bank will likely have to raise the key rate from 18%.
Inflation is driven by state owned banks issuing credit when there shouldn’t be. The Bank will likely have to raise the key rate from 18%.
August 26, 2025 at 6:39 AM
‼️ The 3 month rolling average growth rate of the M2 money supply reached 19-20% over the past three months in Russia, per data from the Central Bank.
Inflation is driven by state owned banks issuing credit when there shouldn’t be. The Bank will likely have to raise the key rate from 18%.
Inflation is driven by state owned banks issuing credit when there shouldn’t be. The Bank will likely have to raise the key rate from 18%.
“…the monetary effect of the budget deficit outweighs the effect of credit slowdown, so M2 growth is accelerating again. This means there may be no reduction in credit supply in September.”
My note: I agree the budget deficit might be up to 10 trillion rubles if nothing changes.
6/6
My note: I agree the budget deficit might be up to 10 trillion rubles if nothing changes.
6/6
August 7, 2025 at 10:10 PM
“…the monetary effect of the budget deficit outweighs the effect of credit slowdown, so M2 growth is accelerating again. This means there may be no reduction in credit supply in September.”
My note: I agree the budget deficit might be up to 10 trillion rubles if nothing changes.
6/6
My note: I agree the budget deficit might be up to 10 trillion rubles if nothing changes.
6/6
Doesn’t count if they didn’t adjust for M2 growth
August 13, 2026 at 1:33 AM
Doesn’t count if they didn’t adjust for M2 growth
#PancreaticDuctalAdenocarcinoma thrives through both #tumor growth and immune suppression.
This study identifies the PKP3–P120 axis as a driver of IL-6/IL-8 signaling, tumor progression and M2 #macrophage polarization.
#OpenAccess in #GenesAndDiseases: doi.org/10.1016/j.ge...
This study identifies the PKP3–P120 axis as a driver of IL-6/IL-8 signaling, tumor progression and M2 #macrophage polarization.
#OpenAccess in #GenesAndDiseases: doi.org/10.1016/j.ge...
October 6, 2026 at 8:30 AM
#PancreaticDuctalAdenocarcinoma thrives through both #tumor growth and immune suppression.
This study identifies the PKP3–P120 axis as a driver of IL-6/IL-8 signaling, tumor progression and M2 #macrophage polarization.
#OpenAccess in #GenesAndDiseases: doi.org/10.1016/j.ge...
This study identifies the PKP3–P120 axis as a driver of IL-6/IL-8 signaling, tumor progression and M2 #macrophage polarization.
#OpenAccess in #GenesAndDiseases: doi.org/10.1016/j.ge...
August was 1.71°C. You have the Sep data already? Land lags ocean °C by 3 months. Maybe 2026 won't be the hottest - but close.
My assumptions are based ongoing acceleration until 2030, what linear trends cannot consider. E.g. ppm growth, forcing (W/m2), albedo are all growing. Growth is growing.
My assumptions are based ongoing acceleration until 2030, what linear trends cannot consider. E.g. ppm growth, forcing (W/m2), albedo are all growing. Growth is growing.
October 10, 2026 at 4:38 PM
August was 1.71°C. You have the Sep data already? Land lags ocean °C by 3 months. Maybe 2026 won't be the hottest - but close.
My assumptions are based ongoing acceleration until 2030, what linear trends cannot consider. E.g. ppm growth, forcing (W/m2), albedo are all growing. Growth is growing.
My assumptions are based ongoing acceleration until 2030, what linear trends cannot consider. E.g. ppm growth, forcing (W/m2), albedo are all growing. Growth is growing.
BIG MOVE 💰🚀: Bitcoin is closely tracking global M2 money supply growth, strengthening its bullish momentum.
May 24, 2025 at 8:20 AM
BIG MOVE 💰🚀: Bitcoin is closely tracking global M2 money supply growth, strengthening its bullish momentum.
Category YoY growth (Jul 2025 → Jul 2026)
Cash (M0) +18.5%
M1 (cash + checking/demand accounts) +17.0%
M2 (+ savings/term deposits) +13.2%
Savings/term deposits alone +10.3%
Thats what I calculated.
Cash (M0) +18.5%
M1 (cash + checking/demand accounts) +17.0%
M2 (+ savings/term deposits) +13.2%
Savings/term deposits alone +10.3%
Thats what I calculated.
August 25, 2026 at 7:49 PM
Category YoY growth (Jul 2025 → Jul 2026)
Cash (M0) +18.5%
M1 (cash + checking/demand accounts) +17.0%
M2 (+ savings/term deposits) +13.2%
Savings/term deposits alone +10.3%
Thats what I calculated.
Cash (M0) +18.5%
M1 (cash + checking/demand accounts) +17.0%
M2 (+ savings/term deposits) +13.2%
Savings/term deposits alone +10.3%
Thats what I calculated.
"In normal, pre-Covid times, most economists would predict that 3.6% M2 growth would lead to a slowdown in economic growth and a decline in inflation. Yet today the chatter is all about whether inflation is going to rise."
-Scott Grannis
-Scott Grannis
February 28, 2026 at 1:00 PM
"In normal, pre-Covid times, most economists would predict that 3.6% M2 growth would lead to a slowdown in economic growth and a decline in inflation. Yet today the chatter is all about whether inflation is going to rise."
-Scott Grannis
-Scott Grannis