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Stretching a linear axis vertically to prove a point. Don't do this. Some things should be shown as a level, not a percent change. The ten-year yield going from 2% to 2.1% is not a 5% change, it's a ten basis point move. The same holds for the VIX. Don't do this. So many things wrong with this one. This chart provides zero information. Comparing dollars across multiple decades have to be real, not nominal, and this should be shown as a percent change, year-over-year works.
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Investment Perspectives | “Undoing” the Fed’s Balance Sheet. achen. Tue, 11/14/2017 - 16:18. These days, it seems like all eyes are on the Federal Reserve. Well, maybe not all eyes, but certainly a large number of investors are paying unusually close attention to the Fed as it begins to unwind its bond investments and thus reduce the size of its balance sheet.
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