The Covid Crash And The Death Of Money Velocity (All Downhill Since 1997)

Sharing is Caring!

by confoundedinterest17

Today’s jobs reports showed that labor force participation did not improve since May and remain substantially below pre-Covid levels.

Over the longer term, we can see that M2 Money Velocity peaked around the same time that US labor force participant peaked (1997). And it has been downhill since 1997 with Covid accelerating the decline.

So, it is not just Covid that is killing money velocity and labor force participation. I wonder if The Gramm–Leach–Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999, had anything to do with M2 Velocity getting crushed?

See also  World Cup 2022 Qatar covid entry requirements: Negative test only, vax status counts for nothing.

Nothing has been the same since The Clinton Administration and 1997.

 

 

Trending:
See also  Youtuber who predicted the high of Bitcoin and the crash of silver 2 times posted that he is worried: West wants World War

Views: 5

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.