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.
New Seats, New Amenities Are Coming To American Airlines
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As part of an overall reimagining, American Airlines is installing new
premium seats in the long term and new amenities and meal choices starting
in May.
20 minutes ago
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