Worry? GDP and Velocity Problem
Ure’s three biggest worries? Velocity at M2, the Fed decision next week, pending hernia operation. Yeah, in about that order. Before we pull-apart this morning’s GDP report, let’s kick-it for a sec. and talk ask “What does it all mean?” Velocity at M2 is essentially the GPD divided my M2 Money. At latest “official” calculation, … Read More