Velocity chart calculating using monetary base confirms the above-mentioned trends. However, this chart shows that monetary base was expanding since 1989 (and velocity consequently showed a trend for decrease). The huge drop in the end of 2008 illustrates the monetary stimulation, and the decline in 2010 indicates that the monetary base is still expanding (which might confirm the closeness of the liquidity trap). At the same time, the recent increase of monetary-base focused velocity shows that there was a certain economic revival in the end of 2010 – the first half of 2011.