Tuesday, January 31, 2012

Laughs at Fed Meetings Peaked With Housing Bubble in 2006

So says The Daily Stag Hunt here, where the data show that laughs suddenly surged in 2006.

Compared with the average of 20 laughs per meeting in the previous six years, laughs in 2006 bubbled up to an average of nearly 44, an increase of 115 percent.

Call it "irrational exuberance."

The meeting with the fewest laughs? October 1, 2001, with just 7 recorded laughs during the Federal Open Market Committee meeting.