Spot The Striking Similarity

Spot the striking similarity.

Below is the US Employment to Population ratio – a nearly perfect, multi-decade low flatline since Lehman…

 

… And compare it to the NYSE stock index divided by the Fed’s balance sheet: a nearly perfect, multi-decade low flatline since Lehman…

 

Funny how the phrases “improving unemployment” and “record stock market” are so dependent on one’s perspective… and the denominator.

 

* * *

 

In the meantime, here is the propaganda:

 

But even that pales in comparison to the one real winner from the “New Normal”:

    



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