tag:blogger.com,1999:blog-6616959642391988608.post5451750671591404232..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Fear subsides, prices rise (14)Scott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6616959642391988608.post-68214744890093387092009-11-09T11:39:55.739-08:002009-11-09T11:39:55.739-08:00"We are enjoying a rising velocity of money; ..."We are enjoying a rising velocity of money; in a sense, money that had been "stuffed under mattresses" is now being spent, and that is powering a rise in economic activity."<br /><br />Seems like it is the case. I got this chart as of 08/2009 where the inverted initial jobless claims lead the velocity of M2 by 3 months:<br /><br />http://emfin.com/images/charts/VM2IC.gif<br /EMphase Finance - www.emfin.comhttps://www.blogger.com/profile/04434882047213221154noreply@blogger.com