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.
The S&P 500 and the Election Year Cycle | Robert Miner
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I am recording this on April 25th and am going to talk about the S&P 500
and the election cycle today. [...] Within the next three weeks there is
going to ...
32 minutes ago
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