Cry Havoc! US M2 Velocity Sinks To Lowest Level In History As Of Q1 (Whither Q2?)

“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.

Screen Shot 2020-05-12 at 5.58.41 PM

Of course, US 2Q GDP is expected to crash with the shutdown.

q2gdpo

And the equity markets plunged 2% when the actual “Dog of War” Fauci cast negativism on reopening the economy.

eqfauci

The dogs of low money velocity are upon us!

1024px-Punch_-_The_Dogs_of_War

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