An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Tuesday, January 6, 2015
My podcast for Tuesday, Jan 6, 2015
Today's podcast.
Some topics: Market decline, bond yields, Bill Gross (again), euro, oil. Enjoy.
US Oil production:
ReplyDeletehttp://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=M
Doesnt count Canada...
Up 4m bpd since 2008...
Pretty significant...
Mike here is the wiki on "velocity":
ReplyDeletehttp://en.wikipedia.org/wiki/Velocity_of_money
It says:
"Chart showing the log of US M2[1][2] money velocity (green), calculated by dividing nominal GDP by M2 stock,"
so they divide a flow by a stock...
Its like they are trying to gauge "what is the transaction total over some period of time per unit settlement balances"...