Monday, August 3, 2020

The Money Supply Is Growing (and it's going right under the mattress)

Two from FRED at the St. Louis Fed. We're using Money of Zero Maturity, the most liquid of the measures and thus where you would expect turnover to first appear:


And velocity:

https://fred.stlouisfed.org/graph/fredgraph.png?thu=9&d=1575930115&graph_id=649475&trc=1