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.
Real Beer And Reel Talk With The Star And Filmmaker Of Snack Shack
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Writer-Director Adam Rehmeier and star Conor Sherry share thoughts on craft
beer and drink culture—in early '90s Nebraska.
26 minutes ago
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