are we going to see more of this we'll talk to michael krieger of liberty blitzkrieg plus it is this shopping day known as cyber monday today in the u.s. and we saw footage of money quickly changing hands over the weekend fueled by black friday deals but don't be fooled the velocity of money in the economy as at historic lows will break it down and word of the day let's get to today's capital account. egypt has seen tensions rise again in recent days with thousands hitting the streets after egypt's president mohamed morsi gave himself new powers by decree last thursday now morsi declared himself above judicial oversight leading to a reported political crisis and today morsi reportedly told the country's top judges he is standing within his rights with those decrees now this has all drawn top headlines but look too at the broader financial crises egypt has paid the benchmark stock index plunged nine point six percent after this decree was issued the worst drop since the arab spring uprisings that ousted hosni mubarak in january of two thousand and eleven according to bloomberg now it

are we going to see more of this we'll talk to michael krieger of liberty blitzkrieg plus it is this shopping day known as cyber monday today in the u.s. and we saw footage of money quickly changing hands over the weekend fueled by black friday deals but don't be fooled the velocity of money in the economy as that historic lows will break it down and word of the day let's get to today's capital again.

banking system could be interesting to watch but we're going to leave it there for today thanks michael krieger so much. time now for word of the day when we break down a financial term or concept for our very smart viewer but just maybe not the financial expert and as you know the hunt for holiday deals is on in the u.s. as cyber monday sales are reportedly expected to break records and of course we saw last week black friday shoppers storm retail stores. while people were making a mad dash for stuff the money may seem to be flying out of people's hands as they do so it may seem to have the law city but the actual velocity of money has been at historic lows which is why some are warning the u.s. economy is set for another sharp slowdown and which is why money velocity is our word of the day so what exactly is it and how does it work money velocity let's take a look at the definition is the rate at which money is exchanged from one transaction to another and how much a unit of currency is used in a given period of time so money velocity is essentially the rate at which money changes hands but l