The following chart shows nominal department store sales (in black) compared to the federal funds rate (in red).
Click to enlarge.
On the off chance we were to enter a recession while still in ZIRP, then what exactly would we expect the Fed to do?
Oh, wait. I forgot that it is common knowledge that the Fed has permanently put a stop to recessions. Never mind. Silly question.
Source Data:
St. Louis Fed: Custom Chart
Click to enlarge.
On the off chance we were to enter a recession while still in ZIRP, then what exactly would we expect the Fed to do?
Oh, wait. I forgot that it is common knowledge that the Fed has permanently put a stop to recessions. Never mind. Silly question.
Source Data:
St. Louis Fed: Custom Chart
0 comments:
Post a Comment