I don’t get to mess around with SlopeCharts‘ economic database as much as I would like to. However, I was monkeying around with it briefly when I stumbled upon a data set I didn’t know was there: weekly money supply data!
The symbol is FR:WM2NS and the chart looks like this:
Naturally I started looking at ratio charts. Here is the SPY, which shows clearly – – surprise!! – that stocks are, in real terms, as insanely overvalued as they were back in 2000.
And here is the ratio chart of the long-term continuous futures contract of gold. Looks pretty cheap, would you say?
Anyway. This is my idea of fun. I’m serious.
