M2 Money Velocity Rises Above All-time Low In Q3 ’17 (While Stock Market Momentum Increases To Highest Since dot.com Bubble)

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M2 Money Velocity (GDP/M2 Money Stock) actually rose in Q3 2017 to 1.4282.

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At least it rose above the all-time from Q2 of 1.428.

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As M2 Money growth continues to be >2x real GDP growth YoY.

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Yet momentum in the stock market is the greatest since the dot.com bubble.

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Well, Fed Chair Janet Yellen keeps telling us everything is groovy.

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