2 ms·

Tell HN: 4 months of Fed quantitative tightening have been undone in a one week

• zhte415 4y ago
  The quantity of money without the velocity of money is only half an indicator.
  • almog 4y ago
    Right, and has the velocity of money decreased?
    • zhte415 4y ago
      Likely so. Demand for money increases in liquidity crunches.
      • almog 4y ago
        Is there any way to measure that other than (very) lagging indicators? At any rate, I guess that J. Powell will talk about the balance sheet in the FOMC press conference next week as I RHINK it begs the question of whether we've entered QE.