Monetary Angioplasty Required

Blockages in the Monetary Transmission Mechanism
click for ginormous graphic



Fascinating chart from Joseph Brusuelas, Senior Economist at Bloomberg that details monetary blockages.

This IMO helps to explain why ZIRP’s more modest impact on the broader economy than the outsized  impact we see on risk assets

Joe is my newest Friday Follow on Twitter: @joebrusuelas  (Not what about getting Richard Yamarone on Twitter?)

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