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.
Bon Jovi’s ‘Livin’ On A Prayer’ Is A Top 10 Hit Again
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Bon Jovi's upcoming docuseries on Hulu sparks renewed interest in the
band's music. "Livin' on a Prayer" re-enters the top 10 on Billboard's Hard
Rock Stre...
22 minutes ago
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