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.
Capital Investment Advisory Services LLC Cuts Stock Holdings in Schwab US
Small-Cap ETF (NYSEARCA:SCHA)
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Capital Investment Advisory Services LLC reduced its position in shares of
Schwab US Small-Cap ETF (NYSEARCA:SCHA – Free Report) by 11.3% in the 4th
quarte...
24 minutes ago