MZM Interest vs. Disposable Personal Income

The following chart shows the interest earned on MZM money stock divided by disposable personal income.<br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqa1YSkac2VBRKx3cCGb1oVnigdr8WtzT8MJtCmLVjDJA3r2e3krMGBfEBithhYV1diMB8QIqBXoI9Wc2tE3GtSmNAbT_lNkDkbWOM3JrS8IeUuwaeunCK6CuCMOr-HyGJ7F-SqyVAYpE/s1600/MZM+Interest+vs.+Disposable+Personal+Income.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqa1YSkac2VBRKx3cCGb1oVnigdr8WtzT8MJtCmLVjDJA3r2e3krMGBfEBithhYV1diMB8QIqBXoI9Wc2tE3GtSmNAbT_lNkDkbWOM3JrS8IeUuwaeunCK6CuCMOr-HyGJ7F-SqyVAYpE/s320/MZM+Interest+vs.+Disposable+Personal+Income.jpg" /></a><br /><span style="font-size: x-small;">Click to enlarge.</span><br /><br />Unless one counts <a href="http://www.thestarphoenix.com/business/Sears+continues+cost+cutting+laying/9393358/story.html">cost cutting</a> (and therefore weak employment growth) as a long-term growth strategy, we're apparently fresh out of "genius" ideas.<br /><br />The chart is especially interesting if one considers how much <a href="http://research.stlouisfed.org/fred2/graph/?g=r31">MZM has grown relative to disposable personal income</a>. It's almost like the more MZM we generate, the harder it is to generate interest off of it. Yeah, it's almost exactly like that. Think Japan.<br /><br />This coincides well with my long standing belief that it will be increasingly difficult to make money off of money. Those anxiously awaiting higher/juicier real yields over the long-term may be in for serious disappointment, <a href="http://news-these-days.blogspot.com/2008/02/tips-investors-need-advice-apparently.html">much to the ongoing dismay of Brett Arends at the Wall Street Journal</a>. What a trip down memory lane that link is by the way. 2008, what a year!<br /><br />This is not investment advice.<br /><br /><b>Source Data:</b><br /><a href="http://research.stlouisfed.org/fred2/graph/?g=r2Z">St. Louis Fed: Custom Chart</a>

MZM Interest vs. Disposable Personal Income

The following chart shows the interest earned on MZM money stock divided by disposable personal income. Click to enlarge. Unless one counts ...

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