The absolute failure of QE doesn't get any clearer than that one chart.
Nighty night Slope.... Study up on your 1929 charts.
- The Rev (soon to be richest man in Tennessee)
User: TnRevolution: Zero Hedge: VELOCITY
VELOCITY
Velocity of money, going back to 1929.
Mrs. Market has a lot of catching up to do...
...
"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."
- Ludwig von Mises
6/1/13