Sunday, November 16, 2008

Go figure

The montary base is heading straight up. (HT Bart Kosko and Jim Moore).

Prof. John Cochrane asks "Is Now the Time to Buy Stocks? ... Here is what the historical evidence suggests" (in the Nov 12 WSJ).

Conchrane's story is interesting and he includes a compelling graphic, but the St. Louis Fed's graphic is stomach-churning.