Came across this graph while looking for something else...
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| Graph #1: Federal Debt Held By Federal Reserve Banks relative to the Gross Federal Debt From my Ratios post, 6 Feb 2011 |
It reminded me of Steve Waldman's:
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| Graph #2: From Steve Waldman's Not a monetary phenomenon |
The shape shares a hearty similarity, though the dates seem misaligned. And the one graph shows a ratio of stocks while the other shows 10-year flows or something. Still, the shape...
I'll think about it more when my brain comes back from vacation.
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