Those red and blue lines remind me of the song, Me And My Shadow.This is from Mark Lundeen's 12 August essay on banking and inflation (htp: The Mogambo Guru). And here's another graph from the same:
(Is it my imagination, or does the curve begin in the 60s?)
Should we call the credit crunch the Shawshank Recession?
3 comments:
If you accept some form of predetermination in this [FOMC etc.] then it is of little surprise this goes way back.
Of course, if you don't accept that, well, other theories must be formulated.
Notice it topping off?
What if it reverts to mean?
Money supply could HALVE by 2015.
You're a cashophile, too?
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