As the Fed is increasing the money supply while US GDP is contracting, velocity of money is slowing down very fast. Without money velocity there is no inflation possible...

Since 2000, the Fed printing money has made money velocity decrease and reach new lows every year since 2011.

Yes, Central Banks have been busy...but if the money doesnt go to the right places, it will do no good to the economy...

It is not only in the US, Money velocity is declining all over the world...

As a result It should take a while for global inflation to pick up...

@threadreaderapp unroll