Yes, it does seem that I disappear sometimes. It took several hours to put together the data into a form in which a Visual Basic program I wrote way back when could read it. Also, it turned out to be in reverse order, drat it, so I have to apologize for that. I don't want to reverse the data by hand, and I forgot how to do it with this program. It is, after all, a 20 year old program.
The research project was to determine if the Fed Funds rate really has been in a downtrend since 1980's. The result is no surprise, or shouldn't be. Of course the Fed Funds rate has been in a downtrend since the 80's. Perhaps if it could be rendered into a graph, it may strike home somewhere. This is a really oddball looking chart.
As you can see, the chart covers 60 years of the Fed Funds rates. Unfortunately, the chart may be harder to read than I would like. Since it is in reverse order, the most recent years are on the LEFT. As you can see, the chart is going upwards from left to right to about data point 34, which corresponds to
bada-bing bada-boom, 1980. It then declines all the rest of the way to 1954.
Note if you will, the really flat spot on the left hand side. That's where we are now. The Fed Fund rates have Flatlined for six years and counting.
In the medical profession, when you've got a flat line, you've got a corpse. Just sayin'.
There's nowhere to go but up. Unfortunately, that may not be good news.
No comments:
Post a Comment