Hey, Fed: It's not the dress that makes you look fat.
Soon, if not already, people are going to become increasingly infuriated by the instability of a financial system that's built to facilitate the growth of an artificial and unsustainable economy. Velocity of money circulation since 2008 suggests monetary policy does not stimulate the economy. Time to give up on the central bank reflation trade - it can only make things worse from here.
Market Vitals | 03 August 2012 [http://blackswantrading.squarespace.com/storage/market-vitals/080312_mv_audit_the_fed.pdf] ~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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