M1 Growth in Charts: The Majors vs. the BIICs
This is expansionary monetary policy…
… this is expansionary monetary policy on drugs
Note: Japan’s M1 growth is labeled on the RHS, with range -1.5% to 1.5%.
I know, kind of corny; and I did grapple over which set of economies should be labeled “on drugs”, the BIICs or the Majors.
And BIICs is NOT a typo. I’m going with BIICs now – Brazil, Indonesia, India, and China. This is a modified version of Jim O’Neill’s famous cohort, the BRICs (Brazil, Russia, India, and China), whose economies in $ terms are expected to jointly transcend the G6 by 2050. Russia’s been ousted for reasons that I will discuss at a later time.
Soon to come: Indonesia vs. Russia.
Originally published at News N Economics and reproduced here with the author’s permission.