Dust flux, Vostok ice core

Dust flux, Vostok ice core
Two dimensional phase space reconstruction of dust flux from the Vostok core over the period 186-4 ka using the time derivative method. Dust flux on the x-axis, rate of change is on the y-axis. From Gipp (2001).

Thursday, June 21, 2012

Inflation not affected by easing

During Bernanke's comments, I managed to screen snag one of his images--that of anticipated future inflation.

Here we see that inflation increased through 2011, a period characterized by QE2 until June and operation Twist thereafter (both forms of easing). Further easing, however, will result in inflation falling back to the Fed's 2% target level.

It must be nice to live in a fantasy world.

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