Rantings and tirades of a frustrated economist.
Thank you for posting that. I have seen some of these charts, but never fully comprehended them. It turns out I was pretty close in my interpretation, but it was nice to have it explained clearly in plain language that I could understand.It is reassuring that the Big O thinks more QE is the ticket..WOW...
Don't hold your breath for inflation. Last time I checked treasury yields were almost as low as in Japan. If the Fed does not change its policy, and it seems they won't, they'll let the USA slowly slide into Japanese (nominal) stagnation.Nothing bad about it... I'm just saying.
Great news for gold bullion prices!
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