Wednesday, January 22, 2014

Mount St. Equity

The following chart shows home equity divided by wages and salaries. I have added an exponential decay trend line in red that uses the data points in red.

Click to enlarge.

Time Magazine: Person of the Year (2009)

Congrats to Ben Bernanke for mopping up after the speculative volcano erupted! Price stability! Maximum employment! The Dual Mandate Man had it all!

Source Data:
St. Louis Fed: Custom Chart


Mr Slippery said...

We are back to 1970s after the right side of the mountain blew up. Maybe we can slowly build the equity dome back up without another seismic event. Too bad a lot of people are still buried in the ash from the last event.

mab said...

Did we inflate wages to get out of the bubble? Nope, we deflated housing! Brilliant! Just effing brilliant! Talk about thinking outside of the box.

Person of the Year? Absolutely! Why am I suddenly thinking of Obama's Nobel Peace Prize?

The pwnership society! SNAFU! Thanks Greenanke!

Stagflationary Mark said...

"If Muhammad won't come to the mountain then the mountain must go to Muhammad!"

Gotta love our new and improved economy!

January 22, 2014
Coach Drops After North American Holiday Store Sales Tumble (1)

Coach’s results, which were also hurt by competition in the handbag segment, came in a holiday season that saw many U.S. retailers resorting to profit-eroding promotions to draw reluctant shoppers. Sales at North American stores open at least a year fell 14 percent in its fiscal second-quarter as shoppers’ mall visits declined.

Pillar of retail strength! Don't take it for "granite!"

Why am I in this handbag and where am I headed?