Click to enlarge.
Alpine Skiing
These trails are even more difficult than Black Diamond, due to exceptionally steep slopes and other hazards such as narrow trails, exposure to wind, and the presence of obstacles such as steep drop-offs or trees. They are intended only for the most experienced skiers.
This trail rating is fairly new; by the 1980s, technological improvements in trail construction and maintenance, coupled with intense marketing competition, led to the creation of a Double Black Diamond rating.
This post inspired by a post on a private blog that I read.
Source Data:
St. Louis Fed: Personal Interest Income
St. Louis Fed: Wage and Salary Disbursements
Those are gentle slopes compared to silver in 2011.
ReplyDeleteSilver was off trail, past the signs warning of dangerous cliffs and death.
http://en.wikipedia.org/wiki/The_Other_Side_of_the_Mountain
ReplyDeleteThe obvious point that jumps out at me in this chart is that we're in a ZIRP period.
ReplyDeleteBut what's not so easy for me to get out of that chart is just how much of it is the result of people spending down their savings and 401k's and so on just to get by. Leaving them with nothing to earn interest on even if there was any interest to earn.
Mr Slippery,
ReplyDeleteI think silver fell off the chairlift. ;)
Troy,
ReplyDeleteI thought of that movie while creating this post. No joke!
Anonymous,
ReplyDeleteHave no fear! There's plenty of money out there still (M2).
That said, ZIRP can eventually do this to it though (M2 x 3 month T-Bill rate), at least in theory.
is the result of people spending down their savings and 401k's and so on just to get by
ReplyDeleteNot just that -- total debt (red) : http://research.stlouisfed.org/fred2/graph/?g=2Yg is simply off-scale.
Too much money looking for yield, not enough opportunity.
This is what inflation looks like when the rich people have all the money.