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.
JPMorgan Chase & Co. (NYSE:JPM) Holdings Reduced by Keystone Wealth
Services LLC
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Keystone Wealth Services LLC cut its stake in JPMorgan Chase & Co.
(NYSE:JPM – Free Report) by 1.8% in the 4th quarter, according to its most
recent Form 1...
10 minutes ago