by theSilverVigilante
I didn’t even think they reported this anymore. Us M1 money stock. This is crazy. When covid hit the value was at Five Point something and it got crushed all the way down to one and currently sits at 1.376. They shut down small businesses and GDP Tanked 30%. Quarantined locked in your house. Now covid is over , It’s only going to go up from here. More and more dollars will be changing hands faster than ever and that pace will accelerate. Especially if you add the digital Dollar in the mix.
ycharts.com/indicators/velocity_of_us_m1_money_stock
Another perspective of the velocity of money supply M1 money stock. 3-year data. Reaching a low in 2021, post covid. You can see that it’s ramping up drastically and the Central Bank digital currency systems will accelerate that pace even more.
ycharts.com/indicators/velocity_of_us_m1_money_stock