Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Mark Adams who wrote (6128)	7/20/2001 11:20:28 AM
From: Don Lloyd	Read Replies (1) of 74559

Mark - ...It seems most of the thinking I see looks at money supply in relation to goods & services, ignores the velocity issue and completely overlooks the impact of the consumer propensity to spend vs save. Perhaps we could simplify this by incorporating the savings/dis-saving issue into velocity. ... The velocity of money is either infinite as it moves from the account of one person to another in zero time or it is zero as it sits in one person's account. All money is owned by someone, always, and the concept of the velocity of money is a meaningless calculation result. Expenditures are limited by income, existing savings, or available credit, not because your money is taking a slow walk around the lake. Regards, Don

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