Well let me see...
There is a recovery in corporate profits without dispute. Sitting on record cash hoards.
Of course, Many people in the bottom half are still deleveraging/paying down debt, and as seen in Many strings here, the top 10%/1%/1/10th% are getting 90% of the recovery wealth.
So of course 'velocity' suffers when the top few percent are just piling the money into already fat bank accounts and don't spend it as they already buy what the need easily. While the bottom half have no more money.
Sorry Oldreliable67, you have but confirmed a Fact that's probably not to your liking.