The Federal Reserve chart above only goes back to 1970, but its message is clear, nevertheless. The velocity of money has dropped below that which was necessary to maintain a productive economy in 2009 and has never recovered.
The U.S. Federal Reserve was the primary driver for market movements this week as analysts awaited the release of the Non-Farm Payrolls report for April on Friday.
An outbreak of violence in Sri Lanka rattled markets this week as terror attacks during the Easter Weekend ripped through three churches and four luxury hotels, killing at least 290 and wounding nearly 500 more.
The uncertainty surrounding Brexit continues to be a top news item to watch, particularly as signs increase that a global recession may be building up steam.
The Precious Metals Week in Review – November 3, 2017.
Precious Metals International.
1. In the U.S., the drivers for market activity for the coming week are expected to be the much-discussed tax bill and the continued uncertainty over who will chair the Federal Reserve when Janet Yellen’s term ends in early 2018. Europe is expected to continue to be a geopolitical hotspot as Spain’s constitutional crisis deepens…
The Precious Metals Week in Review – October 20, 2017 – Precious Metals International
The Precious Metals Week in Review – September 28, 2017
The Precious Metals Week in Review – September 22, 2017
The Precious Metals Week in Review – August 25, 2017 – Precious Metals International ltd.