2 Question Tuesday – 10/10/2023 – Will Israel Attack Affect The Markets & What Does Shrinking M2 Mean For The Economy?
Welcome to 2 Question Tuesday. This week’s client submitted questions were:
- Will Israel’s response to the Hamas attack affect U.S. markets?
- The M2 money supply is shrinking what does that mean for the economy?
Phil, Mike, and Larry discuss Hamas’ surprise attack on Israel over the weekend, Israel’s declaration that this is a war that won’t be over quickly, and what affect this will have on the U.S. markets. They then talk about the contraction in the M2 money supply, which is the Federal Reserve’s estimate of all the cash and savings vehicles that can be quickly turned into cash, and what this decline means for the economy.
Submit your questions to question@2questiontuesday.com
As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.