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<p>[QUOTE=&quot;Rono, post: 789258, member: 6492&quot;]Good points, yakpoo,</p><p>&nbsp;</p><p>So far, in spite of enormous increases in supply, the velocity has been around zero as the banks have cut way back on credit and spending is down.&nbsp; The Fed is hoping to increase the velocity along with improving the economy sufficiently to start decreasing supply and keeping interest rates low enough to accomodate the improvements to the economy.&nbsp; </p><p>&nbsp;</p><p>Alas, don&#039;t measure it with stock prices or corporate profits.&nbsp; The former is inflation being manifest in a class asset bubble and the latter is via cost cutting and job elimination.&nbsp; Not good folks.&nbsp; </p><p>&nbsp;</p><p>If I hear one more pundit mention a &#039;jobless recovery&#039;, I&#039;m going to scream.&nbsp; Sorry, but without jobs, there is no recovery.</p><p>&nbsp;</p><p>and so it goes,</p><p>&nbsp;</p><p>rono[/QUOTE]</p><p><br /></p>

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