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The M2 money supply is seeing its longest stagnation since World War II, Jeremy Siegel said.

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  • US money supply has seen its longest stagnation since World War II, according to Jeremy Siegel.
  • The Wharton professor said the US now faces major recession, unemployment, and deflation risks.
  • "You can't really have a growing economy when the M2 money supply is decreasing," Siegel told CNBC.

The US money supply is flashing a major warning to the US economy, according to Wharton professor Jeremy Siegel.

M2 money supply, which includes cash, checking deposits, and other highly liquid assets, bottomed out around $20.7 trillion in April this year amid aggressive rate hikes, according to Federal Reserve data. That's a 4% drawdown from the prior all-time-record of $21.7 trillion, which was recorded in 2021.

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economy, Markets, money-supply, fed-interest-rates, fed-rate-cuts-forecast, Recession, recession-outlook, Unemployment, job-market, us-jobs, Inflation, Deflation, jeremy-siegel, wharton-professor-jeremy-siegel
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Collapsed US money supply is a threat to employment, growth, and inflation, Wha…