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Why is the velocity of money at a standstill? Financial fear on the rise.

Friday, June 23rd Why is the velocity of money at a standstill? Financial fear on the rise. Staring down the economic abyss: How consumer fear is grinding the economy to a halt.

The current economic data paints a rather sobering picture. The velocity of money, a key indicator of economic activity, is almost at a standstill, signifying that consumer spending has slowed dramatically. This indicates a high level of financial fear, as individuals are holding on to their money tightly, expecting future economic turbulence.

Considering that consumer spending fuels approximately 70% of our economy, this lack of monetary movement could have severe implications. Comparing the current scenario to the crisis of 2008, the contrast is striking, hinting that the potential economic consequences this time around could be even more significant.

As a bankruptcy expert and attorney, Omar Zambrano is here to provide guidance and legal advice during these challenging times. If you need assistance, feel free to reach out at 626-338-5505 for a free consultation.

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