Monday, February 3, 2014

ZIRP: Big Bang for the Buck


Click to enlarge.

Big Bang

Extrapolation of the expansion of the Universe backwards in time using general relativity yields an infinite density and temperature at a finite time in the past. This singularity signals the breakdown of general relativity.

In layman's terms, rising interest rate environment my @$$.

Source Data:
St. Louis Fed: Custom Chart

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