Velocity Of Money – Charts Updated Through July 30, 2014

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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 2nd quarter of 2014, and were last updated as of July 30, 2014.  As one can see, one of the three measures is at an all-time low for the periods depicted:

Velocity of MZM Money Stock, current value = 1.383 :

MZMV 7-30-14

Data Source: FRED, Federal Reserve Economic Data, Federal Reserve Bank of St. Louis; accessed July 30, 2014:

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

–

Velocity of M1 Money Stock, current value = 6.171 :

M1V 7-30-14

Data Source: FRED, Federal Reserve Economic Data, Federal Reserve Bank of St. Louis; accessed July 30, 2014:

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

–

Velocity of M2 Money Stock, current value = 1.531 :

M2V 7-30-14

Data Source: FRED, Federal Reserve Economic Data, Federal Reserve Bank of St. Louis; accessed July 30, 2014:

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

 

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The Special Note summarizes my overall thoughts about our economic situation

SPX at 1970.07 as this post is written