Stagnating Money Supply Rings Alarm Bells for Looming Recession
- US money supply M2 has seen longest stagnation since WWII, says Wharton's Jeremy Siegel
- Contracting money supply threatens recession, unemployment, and deflation risks
- Economy unlikely to grow with decreasing M2 money supply - needs ~5% growth
- Early signs of slowdown emerging - GDP growth slowing, unemployment rising
- Siegel urges Fed to ease rates to enable 20% stock rally, markets pricing rate cuts in