In 2008 monetary policy errors were perfectly “coordinated”!

Which put much of the world economy in a perma-depressed state. With nominal spending (NGDP) level and growth as low as they now are, igniting inflation will be nothing short of a miracle, but central banks just “don´t let go”!

The images tell a “depressing” story.

Perfect Coordination_1

Perfect Coordination_2

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s