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Click to enlarge.
Source Data:
St. Louis Fed: Custom Chart
Thursday: Existing Home Sales, Unemployment Claims, Philly Fed Mfg
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[image: Mortgage Rates] Note: Mortgage rates are from MortgageNewsDaily.com
and are for top tier scenarios.
Thursday:
• At 8:30 AM ET, The *initial weekly ...
12 hours ago
6 comments:
It's ALL an Illusion of Prosperity, dude. Don't you get it?
Fatboy,
illusio prosperitatis non grata
You get an exponential fail from govt recpts alone - no denominator required - though that does make it more dramatic.
But - what is the point of the division? Govt receipts come from taxes and 1)tax rates are down, and 2) employment is down so people have less taxable income.
There is no surprise here.
Am I missing something?
JzB
Should have linked the chart.
http://research.stlouisfed.org/fredgraph.png?g=7wY
JzB
Jazzbumpa,
My point is actually concerning the exponential rise in government receipts vs. wages over the years and its ultimate failure.
It's behaving like just like a laffer curve would predict.
Put another way, there was no chance this chart would hit 100%.
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