Milton Friedman had a theory that the wealth of a nation was determined by the amount of money and the velocity of that money. So shouldn’t we be trying to speed things up.
Strong US data and lingering stimulus hopes helped US equities overnight. NAB’s Gavin Friend talks about the Presidential debate, new stimulus in the UK, mixed data from Europe and a swag of PMIs later today and tonight. https://t.co/lrHnsk4bZH