Foreclosure Defense Florida

shhhh……It's Even Better Than The Great Depression……

zerohedge-great-depressionAccording to Wikipedia, Narcissistic personality disorder (NPD) affects one percent of the population and has little to do with looking at yourself in the mirror.   It has a lot to do with unrealistic fantasies of success, power and  intelligence.     Some NPD sufferers become cult leaders or mass murderers, the rest become   economists and policy-makers.      Despite having  a highly elevated sense of self-worth,  narcissists have fragile self-esteem and   handle criticism unpredictably, so let’s keep this to ourselves”¦.
Velocity of money  is the  frequency with which a unit of money is spent on new goods and services.    It is a far better indicator of economic activity than GDP, consumer prices, the stock market, or sales of men’s underwear (which Greenspan was fond of ogling).   In a healthy economy, the same dollar is collected as payment and subsequently spent many times over.   In a depression, the velocity of money goes catatonic.    Velocity of money is calculated  by simply dividing GDP by a given money supply.    This VoM chart using monetary  base    should end any discussion of what  “this” is and whether or not anybody should be using the word ” recovery” with a straight face:

One Comment

  • neidermeyer says:

    The velocity of M3 has been negative (under 1.0) off and on since 2009 … absolutely no recovery … and you have to remember that 40% of the GDP is forced at the point of a gun in the form of government spending and of that 40% ,, almost half is borrowed.

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