Oddest Chart I have Seen this Week -- Laughter Count in Federal Reserve OMC Notes

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Looks like it might be a leading indicator if they released transcripts in real time.

In general in human communication I'd be more interested in who was laughing and what about. When I'm in a country in which I do not understand the language, laughter is just disturbing.

Perhaps it was that "irrational exuberance" that some economist talked about during bubbles. Highly infectious I hear.

Laughter of Crowds?