While the Fed announcement today is not likely to see an increase in rates (fall is more probable) there is still a very interesting bit of learning to be had by graphing out the ultra long-term Velocity of Money.
Not surprisingly, the Velocity now is wose than it has been at any time in the last 115 years.
That is a terrible structural problem for the Fed to deal with – and in this morning’s analysis we’ll explain why and how it will impact you personally.
First, however, the usual: A few news tidbits and other goodies like our Trading Model. Plus many cups of coffee…