Mish Shedlock: Attempting To Predict Inflation From Velocity of Money Is A Fool's Mission

By Mish Talk / September 29, 2020 / marketsanity.com / Article Link

Velocity is a useless, inconsistent measure of something that has morphed over time yet never had an independent existence of its own. Attempting to predict prices from velocity or velocity from prices is a fool's mission.

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Mike "Mish" Shedlock is a registered investment advisor and representative for Sitka Pacific Capital Management. His articles about the the economy and investing online can be found at Mish Talk.

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