Click to enlarge.
0.0000? Seriously? Could there be any less correlation?
If you do fight the Fed then know this. Extremely random things are likely to happen!
November 17, 2010
The Sarcasm Report v.69
Allow me to summarize the thinking here.
QE2 is driving interest rates down. This will encourage spending. This is the Fed's plan.
QE2 is driving interest rates up. This will raise inflation expectations. This is the Fed's plan.
In other words, no matter what happens to interest rates we'll be able to point to the Fed's plan as a success.
Genius! And to think that I once thought the Fed was rather impotent. God how I love the hard science of economics to prove me wrong.
QE2 is driving interest rates down. This will encourage spending. This is the Fed's plan.
QE2 is driving interest rates up. This will raise inflation expectations. This is the Fed's plan.
In other words, no matter what happens to interest rates we'll be able to point to the Fed's plan as a success.
Genius! And to think that I once thought the Fed was rather impotent. God how I love the hard science of economics to prove me wrong.
Source Data:
St. Louis Fed: Custom Chart
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