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Real Dividends per Capita


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The tree that stands above the others gets blown down - Chinese proverb

Okay, yes. Technically speaking, the tree was blown down in 2009. It's not going to happen again though. This new tree has a concrete base reinforced with rebar!

Root system? This new tree don't need no stinkin' root system. It's growing to the sky without one!

Wiktionary: no tree grows to the sky

There are limits on growth. Growth does not continue indefinitely, eventually it will halt or collapse.

Oh, please. Infinite ZIRP fertilizer equals infinite growth! Everybody knows it, except for those clueless Japanese.


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Source Data:
St. Louis Fed: Custom Chart
St. Louis Fed: Interest Rates, Discount Rate for Japan

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