Tuesday, October 23, 2012

Velocity of Money 1900 - 2012

The velocity of money continue to decline in the United States. The monetary base has surged more than 3 times since The Fedral Reserve started QE1. However, the credit expansion and money printing seems to have no effect on the velocity of money.

Source: Federal Reserve Board / Hoisington Investment Management

Geir Solem

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