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.
Crude Oil Surges Over 2%; MSC Industrial Shares Fall After Q2 Results
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U.S. stocks traded mixed toward the end of trading, with the Nasdaq
Composite falling around 15 points on Thursday.
The Dow traded up 0.06% to 39,785.29 ...
22 minutes ago
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