There are rumors that money velocity is picking up. As I said before, money velocity is very important to watch as it is correlated to U.S. Treasury Yields. If money velocity goes up, yields go up.
In one of my previous articles I monitored the velocity of MZM, to see if treasuries were likely to go up or down. The new numbers of velocity of MZM are out today at 1.434 (Q1 2012), down from 1.451 (Q4 2011). To see what this means for your portfolio, go to: Velocity of MZM going down.