Even if they are not quite right. That´s the case with this widely linked The Daily Stag Hunt post of a few days ago which “correlates” the number of laughters in FOMC meetings from 2000 to 2006 and the behavior of house prices. According to The Daily Stag:

That’s right, the FOMC was laughing all the way to the top!

But, as the chart indicates house prices were rising but the number of laughter per meeting was quite stable – average of 20.5 – between 2000 and 2005. The laughing jumped up at the top!

Since Bernanke doesn´t appear to be particularly “funny”, maybe the jump in laughter in 2006 was just a sign of “nervousness” that often takes place when a price plateau is reached after a steep climb and one begins to wonder what will happen next!

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