The Fed’s Turkey Drop! M2 Growing At 25.8% While Velocity Drops Like A Bag Of Wet Cement (Top 1% Hold 28% Of Assets, Bottom 50% Hold 21% Of Assets)

by confoundedinterest17

Yes, The Federal Reserve is having its own WKRP Turkey Drop, except they are dropping piles cash. Powell: “As God is my witness, I thought M2 Money could fly.”

Sorry Jerome, M2 Money velocity is hitting the pavement like a sack of wet cement.

But the true tragedy is the disparate effect The Fed’s 2008/9 “Turkey Drop.”

The result was an increasing share of total assets held by the top 1% (wealth) and a decreasing share of total assets held by the bottom 50% (wealth).