Monday, March 21, 2011

We're All In

I just love listening to Team Red and Blue continue to blame each other for everything. The chart below confirms the responsibility.  The answer: they all participated and we did too by accepting "the credit".  Remember "no interest loans"?  Zero percent financing? 4% mortgage refinance?

While Bush I was held back by Sir Greenspan, he wanted to print as much as the others.  This curve is looking outrageously steep too!

True Money Supply (Source: Agora Capital)

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