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Replies to post #24051 on The Rising Influence of Rising Affluence

Replies to #24051 on The Rising Influence of Rising Affluence
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Fred Kadiddlehopper

05/16/21 4:17 PM

#24052 RE: gfp927z #24051

Thanks, Gary, long time no see. Hope you are well!
-Fritz
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Fred Kadiddlehopper

05/16/21 5:16 PM

#24053 RE: gfp927z #24051

I would posit that the long term down trend in the velocity part of the equation is directly attributable to the concentration of wealth in fewer and fewer hands.
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wow_happens28

05/21/21 7:06 PM

#24080 RE: gfp927z #24051

gfp927z That deflation scenario bit is really good food for thought. "That48:00-52:00 is especially revealing". Yes it is.