The Great Dollar Slowdown
The velocity of money is an attempt to estimate the average number of times a dollar changes hands. It crashed to record lows during the pandemic as the savings rate surged. But it had been trending downward for more than two decades prior to that. Adrian Helfert, a fund manager at Westwood Holdings, discusses what it means for markets. He also talks about how he and investors are positioned for the upcoming election and other hot financial topics. Mentioned in this podcast: Investor Bill Gross accused of blaring 'Gilligan's Island' song on loop to torment neighbor Virus Threat Overshadows Election, Earnings in Market Selloff