GOOD NEWS FOLKS (no, really, not a joke!)

The money multiplier is back above one.

One observation a trend does not make but if this rise is sustained world war might yet be averted. Also, other indicators may still trend down for a time but this is pure unadulterated good news for the time being.

Take out the party favors.

http://research.stlouisfed.org/fred2/series/MULT

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