The Velocity Of Money Is The Key To Economic Prosperity
In hisDaily Market Notes report to investors, while commenting on the velocity of money, Louis Navellier wrote: Q4 2021 hedge fund letters, conferences and more Inflation remains hot, the market less vulnerable. The Consumer Price Index for January was reported this morning and was higher than forecasted: The annual rate of 7.5% was the highest since February 1982, above the 7.2% average estimate. Sequentially January was up 0.6%, for both Total and Core inflation, also above expectations of 0.4%. Consumer inflation is now running at the highest rate in the past four decades. Overall, inflatio...