Velocity Of Money – Charts Updated Through January 30, 2015

Here are three charts from the St. Louis Fed depicting the velocity of money in terms of the MZM, M1 and M2 money supply measures.

All charts reflect quarterly data through the 4th quarter of 2014, and were last updated as of January 30, 2015.  As one can see, two of the three measures are at an all-time low for the periods depicted:

Velocity of MZM Money Stock, current value = 1.379 :

Data Source: FRED, Federal Reserve Economic Data, Federal Reserve Bank of St. Louis; accessed January 30, 2015:

http://research.stlouisfed.org/fred2/series/MZMV

–

Velocity of M1 Money Stock, current value = 6.148 :

Data Source: FRED, Federal Reserve Economic Data, Federal Reserve Bank of St. Louis; accessed January 30, 2015:

http://research.stlouisfed.org/fred2/series/M1V

-

Velocity of M2 Money Stock, current value = 1.531 :

Data Source: FRED, Federal Reserve Economic Data, Federal Reserve Bank of St. Louis; accessed January 30, 2015:

http://research.stlouisfed.org/fred2/series/M2V

 

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The Special Note summarizes my overall thoughts about our economic situation

SPX at 1994.99 as this post is written