“Cry ‘Havoc!,’ and let slip the dogs of
war low M2 velocity.”
In Q1, US M2 Money Velocity hit an all-time low as M2 Money Supply surged. That is, the ratio of GDP to Money Supply is indicating a stall.
Of course, US 2Q GDP is expected to crash with the shutdown.
And the equity markets plunged 2% when the actual “Dog of War” Fauci cast negativism on reopening the economy.
The dogs of low money velocity are upon us!