The chart of the day shows the velocity of money (data courtesy the St. Louis Fed) since 1959. It shows that the velocity of money is below levels observed in 1959. The velocity of money typically rises during periods of growth and falls during recessionary periods. So the recent plunge to new lows suggests that QE's from global central banks have really not worked and a major recession may just be lurking around the corner.
Elon Musk Says Ad Revenue Sharing Will Be 'Paused' For Some X Creators Over
Pending Investigation Into 'Use Of Bots To Spam Likes, Replies'
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Elon Musk announced the suspension of ad revenue sharing for certain
creators on his social media platform, X, due to bot spamming.
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30 minutes ago
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