3rd Time's the Curse

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

Advertisement

You have just read the article News for today's that category by title 3rd Time's the Curse. You can bookmark this page with a URL http://news-these-days.blogspot.com/2013/10/3rd-time-curse.html. Thank you!

Posted by: Tukiyooo 3rd Time's the Curse Updated at : 11:41 AM

Monday, October 28, 2013