Here is a Wall Street Journal video trying to make sense of negative interest rates, with pretty much nothing to say except it might not be good from a 1%'r point of view.
It mentions the "velocity of money", an odd idea based on a wiggy definition of money. It tries to measure credit as money and then see how fast it moves through the system, this being some indication of financial dynamism.
Well, benecredit opens and shuts deal by deal, as needed, uninterestingly. No deal is necessarily linked. Nothing to see, just move along.
Well, it gives wonks something to do when there's nothing to do. Check it out.
Feel free to forward this by email to three of your friends.
It mentions the "velocity of money", an odd idea based on a wiggy definition of money. It tries to measure credit as money and then see how fast it moves through the system, this being some indication of financial dynamism.
Well, benecredit opens and shuts deal by deal, as needed, uninterestingly. No deal is necessarily linked. Nothing to see, just move along.
Well, it gives wonks something to do when there's nothing to do. Check it out.
Feel free to forward this by email to three of your friends.
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