GDP not outpacing inflation (2.97% last quarter) with such abysmal velocity (1.37%) is not great. It means money is moving slowly through the system because the

GDP not outpacing inflation (2.97% last quarter) with such abysmal velocity (1.37%) is not great. It means money is moving slowly through the system because there is far more in the supply than in the past and the economic activity its generating is heavily influenced by price increases instead of confidence and surplus spending. How much of that spending is fueled by debt? How much of that is high interest debt? How much of the pullback is because of student-loan repayment looming? If the yield curve wasn't inverted I'd be more optimistic. Edit: This is an inaccurate assessment.