Whoa, thanks for the headsup. One thing that caught my eye-- "..velocity of money in the United States has dropped to the lowest level ever recorded." They may be talking about
the Fed's number set w/ data going back to 1960, but
this other set patched together vel. back to 1900 and we're now beginning to look more like 1929...
Thanks for the links! I've been trying to validate this information because some of these comparisons seem fallacious. Unfortunately I haven't gotten very far this morning.
I think the impact of many imminent energy-sector bankruptcies is being underestimated. Unless oil rises in 2016, I believe we will see this sector drag entire market down. Heck, even now the economic data stinks.
But I've been sitting on the sidelines for a long time now watching the market go up without me. So what the hell do I know.
