The Fed Veloci(ty)raptors: Money Velocity (M1, M2) Measures Are Still Historically Abysmal (Poor Bang For The Buck)
by confoundedinterest17 Yesterday’s GDP report was great with real GDP growing at a 6.4% annualized pace. To get 6.4% annualized GDP growth, The Federal Reserve had to print a massive amount of money. Even with a great GDP report (preliminary), M1 money velocity …