Retail Sales for april came in up a suprise .1 percent. That's point one. That number is based on an inflation skewed dollar total generously adjusted by supposed seasonal factors. And still it's flatlining. 5 years into a supposed recovery.
Of course, all government data can be endlessly massaged. But if people are buying stuff money most be turning over.
Why then is rate at which money is turning over at a rate slower than that at the depth of the great depression?
In 1931 Velocity of M2 was at 1.97.
Today it is at 1.54
I know, if you're extremely wealthy, who cares?
If not, maybe you should care.
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