Fed has learned about its limited ability to spur activity.
This chart taken from Gary Shilling's insight shows why CenBank stimuli has little effect on economy: money velocity, ratio of GDP to M2 money supply, which reflects how rapidly money is spent & re-spent, has collapsed. #Fed has learned about its limited ability to spur activity. pic.twitter.com/RANqnxjhf3 — Holger Zschaepitz (@Schuldensuehner) September 7, 2020 If … Read more