We're ZIRPing Along on the "Road" to Full Recovery

Click to enlarge.

I can feel us all starting to think about potentially driving another 80 billion miles each year within our lifetimes. It could happen, right? It's certainly within the realm of possibility. I mean the thinking part, not necessarily the driving part.

We just need to be patient and let the trend in red do all the work! Well, once it reverses and starts to really pick up steam anyway.

Fortunately, we have time to be patient. And why is that? We can rule out any other events "driving" this down at an even faster rate. I have it on good authority that the Fed has permanently put a stop to all future recessions! The trick was simple. Cripple the economy so much that it can't possibly fall any further. Genius!

So there you have it. I have 100% confidence in the Fed to never allow another recession! There have been 19 recessions since the Fed was founded in 1913? Yeah, but that old Fed isn't like the new Fed! This time it's different! They've got all kinds of advanced data sets on heavily leveraged economies. They know what to expect now. And let's not forget that the "unexpected" housing bust added a great deal to their understanding, just like the dotcom bubble before it!

See Also:
The Illusion of an Auto Industry "Recovery"

Source Data:
St. Louis Fed: Custom Chart