>> money supply has increased sharply > velocity of M2 has decreased sharply I don't think M2 takes into account money going into derivatives, does it?? I'd

>> money supply has increased sharply > velocity of M2 has decreased sharply I don't think M2 takes into account money going into derivatives, does it?? I'd propose that most of the stimulus is going directly into propping up the US financial market. My take is that bubble might burst when markets realize that the situation is still getting worse i.e. earnings and GDP continue to decline winter 2020/spring 2021.