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.
U.S. Oil And Gas Production Are Ahead Of Last Year’s Record Pace
-
Last year marked a record for U.S. oil production with daily production of
12.93 million barrels per day (BPD). This year, production is running ahead
of t...
15 minutes ago
No comments:
Post a Comment