[alloysteel]

The velocity with which transactions take place has as much to do with the “value” of the unit of exchange as the intrinsic factor of that medium of exchange.

Velocity of transactions has slowed TREMENDOUSLY as of recent times. The “go-go” factor is missing, drowned in red tape, bureaucracy and a growing fear factor.

If people have cash, they are sitting on it, and for those who do not have cash, their credit cards are about maxed out.

Can you say, “Bubble burst”?

[Toddsterpatriot]

If people have cash, they are sitting on it, and for those who do not have cash, their credit cards are about maxed out.

The actual data doesn't agree with your claim.