Click to enlarge.
The Fed apparently believes that increasing corporate profits is the key to job creation. In sharp contrast, I happen to think the key is severely mangled and the lock is rusted over. But hey, maybe that's just me.
Although there appears to be zero correlation between real annual corporate profit growth and annual job creation (as seen in the trend line in blue), the data points in black do point to one trend though. If you stare at them long enough, you should see one of the flying saucers from Godzilla vs. Monster Zero.
King Ghidorah (Monster Zero)
The creature is capable of tremendous destruction due to its size...
Speaking of Japan's Monster Zero, the following chart shows the spread between USA's discount rate and Japan's discount rate.
Monster Zero Interest Rate Policy (MZIRP)! Our monster is now nearly every bit as powerful as theirs! Only one thing can stop us now!
November 5, 2013
Zillow Revenue Up Despite Weak Consumer Housing Appetite
Real-estate marketplace Zillow reported better-than-expected third quarter earnings Tuesday afternoon, a feat considering the rising interest rates that weakened consumer appetites for housing over the summer and into early fall.
Oh God, Zillow. Bernanke should have never said the word taper. Three-headed, two-tailed, armless flying beasts can sense fear.
Godzilla vs. Monster Zero: Quote
Glenn: Mutual trust is a beautiful thing.
Astronaut K. Fuji: That won't buy groceries.
Astronaut K. Fuji: That won't buy groceries.
See Also:
Sarcasm Disclaimer
Source Data:
St. Louis Fed: Custom Scatter Chart
St. Louis Fed: Discount Rate Spread: USA vs. Japan
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Posted by: Tukiyooo
The Fed's Wealth Effect (Musical Tributes) Updated at :
7:24 AM
Monday, November 25, 2013
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