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Small time deposits have become an endangered species.
There was a temporary exponential trend failure (seen in the break from the blue line) heading into the Great Recession, but we're apparently getting back on trend soon (using the new red line).
Giant Sucking Sound
The phrase, coined during the 1992 U.S. presidential campaign, referred to the sound of U.S. jobs heading south for Mexico should the proposed free-trade agreement go into effect.
North American Free Trade Agreement
The North American Free Trade Agreement (NAFTA) is an agreement signed by Canada, Mexico, and the United States, creating a trilateral trade bloc in North America. The agreement came into force on January 1, 1994.
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Source Data:
St. Louis Fed: Custom Chart
St. Louis Fed: Trade Balance: Goods and Services, Balance of Payments Basis
4 comments:
I must confess that although you flog it close to death "exponential trend failure" is a spanking good idea.
dearieme,
Hey, it could fail any second now! All the government would have to do is redefine "large time deposit" from its current definition of deposits of $100k or more to deposits of just $1 or more!
And for added kicks and giggles, how about redefining "high net worth" to those with food stamp income?
Gallows humor. Sigh.
Prosperity by redefinition is how we've been doing it since the 80s. First, we changed how inflation is calculated. Then, how unemployment is calculated. Now, we just revised the entire history of GDP.
Deathly afraid of the Party’s proposition that there exists no external reality independent of the mind, Winston feels despair – not because of the doctrine itself, but because he may be subject to the truth of that doctrine.
Doubleplus good.
Mr Slippery,
Doubleplus good.
PERD!
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