Making The Complex Incomprehensible
Wednesday, February 24, 2016
The Velocity of M1 Money Stock May Have Stopped Declining
If you close one eye and squint with the other.
And step back from the monitor.
From the Federal Reserve Bank of St. Louis, some old data:
Of course you won't see it in
M2 or MZM
for a while but this could be a turn in inflation/expectations.
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