In a client note on Friday, Goldman's Mark Wilson commented on the money supply (M2) growth, which has noticeably turned upward following the most significant crash since the Great Depression. He questions if this is an inflection point in a "monetary juncture akin to 1995 or 2011." "Although we may be 12 months past the inflection in M2, the historic analog of that chart does pose the interesting macro question of might this indeed be a monetary juncture akin to 1995 or 2011," Wilson wrote. M2% Y-o-Y chart via Wilson's note: {chart} As a reminder, the complete disinflation trend followed the M2 growth slump and ... (full story)