Some other asset focussed and hence QE relevant charts…

Scratching my head?  How far does this asset thing need to be pushed before mission accomplished?


The blue line shows household and NPO asset per capita relative to annual growth in income per capita (over rolling 10 year periods).   The red line shows the annualised increase in disposable personal income per capita over 10 year rolling periods.

Now clearly assets are growing relative to income at a time when income growth is declining.   QE is filling the income growth gap.


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