The chart of the day shows the velocity of money (data courtesy the St. Louis Fed) since 1959. It shows that the velocity of money is below levels observed in 1959. The velocity of money typically rises during periods of growth and falls during recessionary periods. So the recent plunge to new lows suggests that QE's from global central banks have really not worked and a major recession may just be lurking around the corner.
Iran Claims Property Rights in Antarctica | Navy Commander Shahram Irani
-
The Antarctic Treaty was signed in 1959 by twelve countries prohibiting
those nations from testing weapons or constructing military bases on the
South Pola...
16 minutes ago
No comments:
Post a Comment