For those of you who are trying to get your mind around YCC and the history of the FEDs actions, this paper is exceptional:
Very interesting chart in the paper:
S&P during that period:
After spending time talking with John Fadool, I have been trying to think through financial history.
Here is the link to the video if you didn't catch it: https://youtu.be/5zPYfC0Q0tM
I am just spending time thinking through each decade and comparing every chart I can find. No conclusions yet, just observations.