Chart Of The Day: Spot The "Avoid The Dividend Tax Hike" Scramble
No commentary necessary, although we will add one word: "unsustainable." We will also add that apparently not one economist could factor the simplest human behavioral response: "hey, lets pay ourselves dividends today to avoid the dividend tax hike tomorrow" into their models, which is why reality smashed the "estimate" by about 6 standard deviations. Ah, economists.
Source: St. Louis Fed