The Fed Is Pushing The Accelerator & The Brake Pedals At The Same Time
March 24, 2023 at 15:05 PM EDT
By Simon White, Bloomberg macro strategist, as published at ZeroHedge Collapsing velocity will lead to financial conditions continuing to tighten even as the Fed rapidly expands its balance sheet. When banks are in trouble, it has a geared impact on the rest of the economy. In 2008, money velocity (essentially, how many times each dollar […] Source
