Falling velocity is a sign that consumers and businesses are losing confidence in the future.
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M2 Velocity is falling as well.
The study of the past doesn't yield unalterable laws that allow one to predict the future with the same certainty that a physicist can chart the trajectory and velocity of a falling object.
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The velocity of money is falling at the same time money growth has come to an abrupt stop.
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When the money supply is falling in tandem with a slowing velocity of money, that brings up serious deflationary issues.
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