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Veteran Contributor

Re: Scary Numbers

But the stock market is over 15K!!!! In part due to lean manufactureing more man hours and no wage increases. We've gutted the unions. So no worker representation. All part of the destruction of the middle class. Look there the trickle in the trickle down Reagon was talking about. Welfare. Enjoy your wall Mart Trinket or your Big Mac from McDonalds.

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Re: Scary Numbers

It wouldn't surprise me at all that that data would surprise some people in agriculture, the boys at the coffee shop seem to be pretty sure that since things are good for them then if its not for anyone else it is surely becasue they are lazy and/or gaming the system.

 

But I will take some exception with your arbitrary start point of 1/1/09. As the chart below shows, the great financial crisis and resulting economic damage began to show up about a year earlier. The game of blowing a husing bubble to buoy the economy blew sky high. In all fairness, Clinton had handed Bush a stock bubble and got out of town before it blew. Bush didn't although some like to pretend that was the case.

 

http://data.bls.gov/timeseries/LNS14000000

 

Financial crises cause extreme and long lasting damage to the real economy and as a matter of fact, there's nothing approaching a consensus about what to do with it still.

 

Recovery of house and stock prices has been pretty remarkable but it hasn't trickled down to the bottom 40% in the least.

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Veteran Contributor

Re: Scary Numbers

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Re: Scary Numbers

Yeah but all those guys were buying gold for the hypreinflation.

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