Posts
Click to enlarge.
The declining trend channel in red shows the annual growth of the money with zero maturity (left scale).
The declining trend channel in blue shows the interest rate on the three-month treasury bill (right scale).
Update:
Here's the same chart with better scaling.
Click to enlarge.
Source Data:
St. Louis Fed: Custom Chart
7 comments:
I've added a bonus chart so that you can see what I'm seeing a bit better.
But the good part is that the banks have used this to deleverage so as not to get caught when the music stops.
Not only that, but there's a thin protective barrier currently being deployed around the huge corporate profits. 98% effective! Feels like nothing is there at all.
You know, just in case Main Street gets ****ed again.
Shame on me for going there! ;)
The real 3 month yield is less than zero.
We know it's game over if the long bond goes zero dark thirty.
Mr Slippery,
Would you settle for Zero Dot Thirty on the 2-year treasury? ;)
Zero Dot Thirty. Haha! Copyright that one.
Mr Slippery,
I suspect that we'll see Zero Dot Product during the next recession. D'oh!
(Can't resist a math pun. ;))
Post a Comment