Thursday, April 27, 2017

Is velocity of M1 ready to begin turning up?

The velocity of Mx has been falling like a stone since 2008 and has now taken back all of the rising wedge that was formed going into that fateful year.  When this thing turns back up again the inflation is going to be scary.  It looks like it could be starting to turn.  We'll know more in a couple of quarters.

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