Click to enlarge.
Not all exponential growth trends fail spectacularly with a trend reversal? Some actually accelerate to the upside? Who knew?
I don't think I've ever been quite so optimistic about the future! Why weren't we doing this all along? It took us nearly a century to finally figure out the trick to perpetual prosperity? What's wrong with us?
July 26, 2013
Consumer Confidence Revisits High Set in 2007
WASHINGTON — Americans are more confident about the economy than at any time since July 2007, a survey found, suggesting consumers will spend more and accelerate growth in the months ahead.
Yes! That's the spirit! I am not alone in my optimism! We'll spend more and accelerate growth in the months ahead just like we did in 2007! What could possibly go wrong?
The Great Recession began in December of 2007? Seriously? It's a fact? I'm way too frickin' optimistic to listen to the naysayers! Shun the nonbelievers!
Three More Years of Goldilocks! We're heading to Candy Mountain! Woohoo!
Got kidney?
See Also:
Sarcasm Disclaimer
Source Data:
St. Louis Fed: St. Louis Adjusted Monetary Base
Here's a crazy theory.
ReplyDelete1. Consumers actually do want to go on a optimism based spending sprees and they've just been given the green light!
2. They sell stocks to raise the cash needed to go on spending sprees. Why not lock in some paper profits and spend some of that real money! Pent-up spending demand! Yay!
3. After seeing stocks begin to crash (thanks to their own selling in Step 2), consumers become less optimistic.
4. Panic.
5. The Fed lowers the Fed Funds Rate all the way to 0% to calm the panic. Just imagine the monetary stimulus that will create! Can't wait to see the reaction in the markets to that unprecedented 0% to 0% interest rate move! It's never even been tried before (except in Japan of course).
Hey, I said it was a crazy theory. Couldn't ever happen in real life. As we all know, the business cycle is dead. The Fed has permanently put a stop to recessions.
Whew!
(Too much sarcasm? I never really know if I'm lathering it on too thick.)
John Law figured this out back in the 1800s, but we didn't learn from his lesson. Printing more money always brings prosperity and we are all living the dream now.
ReplyDeleteMr Slippery,
ReplyDeleteThe only thing we really need is more cowbell. ;)