“Time Line”

This chart has been making the rounds today:

JA Perpetual Motion

For the record, you saw an early version here:

[market-strengthening -> Fed tightening talk -> market weakening -> Fed backing off -> market strengthening -> Fed tightening talk -> … ]

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2 thoughts on ““Time Line”

  1. You are rightly complaining about this cycle–it seems obviously a foolish way to conduct monetary policy–but I hear very little complaint from anyone else. Most of the commentators who notice the cycle seem to view it as inherent in the nature of things.

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