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.
BTS’ RM Announces A New Solo Album, ‘Right Place, Wrong Person’
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BTS leader RM has announced his second solo album, Right Place, Wrong
Person, which is set to be released on May 24. It will be his fourth
project on his own.
13 minutes ago