Wednesday, March 27, 2013

(MZM Velocity)/(10-Year Treasury)

Things were going according to plan, right?

1 comment:

  1. David Glasner says "Increasing interest rates increases... the velocity of circulation."

    I verified that for myself.

    Scott Sumner agrees with Glasner, saying "velocity is positively correlated with nominal interest rates."

    But you, Luke, you looked under a different rock and found something interesting. Good post.