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Wednesday, July 11, 2012
Velocity of M2 Money Stock
With the 10-year now at 1.46% yield, I think the Fed will feel less
constrained to open the floodgates for QE3. Even they know they cannot
push on a string:
Money is being held tighter than SINCE THE GREAT DEPRESSION
This is a critical piece of information for the masses to absorb. With slowing velocity, the Fed is indeed pushing on a string - primarily for the benefit of the wealthy few who can afford to play the markets and put bailout funds in off shore bank accounts.
Excellent post Bill.
ReplyDeleteThis is a critical piece of information for the masses to absorb. With slowing velocity, the Fed is indeed pushing on a string - primarily for the benefit of the wealthy few who can afford to play the markets and put bailout funds in off shore bank accounts.
Always a pleasure to hear from you PW.
ReplyDeleteBe well