Saturday, March 26, 2016

Stanley Fischer has a G in his equation

He divides the world into G and a few other letters of the alphabet.  Let's focus on G, the blue line.  G cannot go vertical; it tried, but hit the ceiling. G, right now, is bouncing around a range, G cannot go vertical because G dumps obligations onto us, the consumer. We, consumers get congested, bottlenecked.

No comments: