The results show that stock and house prices have been less responsive to monetary policy shocks during periods of high and rising asset prices.Moreover, I find that attempts by the Federal Reserve to lean against the house price boom before the Great Recession would have come with the risk of large deviations from its output target.Thus it is quite possible that the walls could have created a basic but readable text. Astronomical values can be found in the form of an angular array, offset to either above or below the horizontal, or the right or left of the vertical.Photo credit: Derek Cunningham In Derek’s most recent study of this proposed angular text, he has returned with what can only be said is a well thought out study that takes direct aim at the often used counter argument that the alignments are actually totally random.The red ‘star’ Horus was born from Sirius (white Isis), a celestial event that captured the meaning of the Egyptian mythology beautifully.It is less easy to pinpoint a specific date, however, as many of the ancient accounts of red Sirius were traditional, and based upon earlier texts.
The day started with a tour of the John de Laeter Centre (Jd LC) facilities incorporating the Tescan integrated mineral analyser (TIMA; ), which was the key instrument of relevance to the workshop.
This orbital period of about 3750 years is greater than that described by Sitchin (3,600 years) and I believe that this greater figure reflects a slight expansion of Nibiru’s orbit at the time of the Flood.
Nibiru appears to have been in conjunction with Mars during perihelion 13,000 years ago, and may have been slightly perturbed into a larger orbit at that time.
This paper estimates the time-varying responses of stock and house prices to changes in monetary policy in the United States.
To this end, I augment a time-varying vector autoregressive model (VAR) with a series of monetary policy surprises obtained from federal funds futures, as a proxy for structural monetary policy shocks.