Monday, December 8, 2014

The Church of Nonrevolving Credit (Musical Tribute)

The following chart shows the 10-year moving average of total nonrevolving credit owned and securitized divided by annual wage and salary disbursements.


Click to enlarge.

God does not build in straight lines. - Charlie Holloway, Prometheus (2012)

He does now.



Take me to church
I'll worship like a dog at the shrine of your lies
I'll tell you my sins and you can sharpen your knife
Offer me that deathless death
Good God, let me give you my life

If I'm a pagan of the good times
My lover's the sunlight
To keep the Goddess on my side
She demands a sacrifice

Drain the whole sea
Get something shiny
Something meaty for the main course
That's a fine looking high horse
What you got in the stable?
We've a lot of starving faithful

Source Data:
St. Louis Fed: Custom Chart

6 comments:

Rob Dawg said...

The one percenters scratch their heads. who cares about Wages when everyone knows the big money is in dividends and asset appreciation. Ohhhh.. You mean for the people who got left ehond in the bubble and even behinder in the revocery. Smartest thing the one percenters ever did was convince the proles that the revocery was a recovery.

Stagflationary Mark said...

Rob Dawg,

Keyser Soze? Kaiser Hosed Day?

The greatest trick the Devil ever pulled was convincing the world that the revocery didn't exist. And like that, poof. Assets gone.

It's almost a quote from The Usual Suspects. Almost.

Rob Dawg said...

Check out "Cypher" with Jeremy Northampton and Lucy Liu. Same vibe.

Stagflationary Mark said...

Rob Dawg,

I don't think I've seen that one yet. Sounds good!

Rob Dawg said...

A modern "Scanners" type corporate control push back story. Vastly underrated.

Stagflationary Mark said...

Rob Dawg,

Scanners was mind blowing. I'm not sure what this says aboutme, but I've seen it mant times.