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)
Velocity of money, going back to 1929.
Mrs. Market has a lot of catching up to do...
nice chart and argument. the most telling is no bounce at all after the recession.
- By: TnRevolution
- On: 6/1/13 7:14PM
- Viewed by 59 SocialTraders
- Average rating based on 2 responses:
"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