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Well, the divergence between the two measures did not exceed 1950s values until Ronnie's first term and never again converged.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Feb 12th, 2009 at 11:40:24 PM EST
[ Parent ]
Note that the level is set to 1 in 1973 for both, arbitrarily.

The measures that one should look at to look for divergence are the slopes or year-to-year (percentage) changes.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Fri Feb 13th, 2009 at 03:37:01 AM EST
[ Parent ]
Thanks.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Feb 13th, 2009 at 10:48:58 AM EST
[ Parent ]

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