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Needs log scale
Discussion
🤓
Ask and you shall receive
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Noice. This shows the 2020 deviation and subsequent reversal in context.
If you draw a trend line from 1995-2020 and beyond, and another line from the peak in 2022 to present, you’ll see those lines cross in a few months (July 2024).
I predict that that’s when the Fed will resume pre-COVID policy. Money printer go BRRR. 