Posted on 10/12/2009 11:32:59 AM PDT by FromLori
And here you were thinking that the market's collapse had taken only six years or so off the value of your nest egg.
After all, the S&P is back to 1,100, about the same level as late 2003.
Silly you!
As we've noted often in recent days, since your government is quietly destroying the value of the dollar (ostensibly to save your ass), the actual dollar-adjusted value of the S&P 500 is back to 1996 levels. Even after the recent 60% recovery!
Here, from the FT, is the S&P 500 plotted after adjusting for the dollar's move relative to a broad currency index:
(Excerpt) Read more at businessinsider.com ...
Barack to the Future!................
To be fair, Bush started it (undermining the dollar) and Barack is accelerating it.
The Democrats campaigned against the "jobless recovery" pointing out that the economy was "the worst since Hoover". They gazed back fondly at the glory days of Bill Clinton's outstanding economic record.
And now BOOM! We're back in 1996.
Hope they're happy.
Ever feel like you know things are so bad, that you just want to ignore it all, not read the news, since you are feeling powerless to do anything about it anyway?
Clinton’s Short term T-bills to finance the debt was the beginning of the downslide...........
And now we’re absolutely screaming forward out of the recession. Can’t you just feel it?
I still think any Freeper could do a better job than this administration at righting the ship. That’s not to say things wouldn’t still get worse before they got better, but the long-term results would be a LOT better.
Yeah, it was the Dems fault that Banks[JP, BS,] leveraged 30 and 40 to 1.
Yeah, the Rats ‘forced’ them to place bets.
According to Democrats:
The Worst Economy Since Hoover had 6% unemployment and a DJIA of 14000.
The Recovery Has a DJIA at just under 10k (and very fragile and likely to fall again) and unemployment at almost 10%.
ONE thing that would have an IMMEDIATE effect, and huge impact, would be to kill the CAPITAL GAINS TAX for 10 YEARS, guaranteed..........................
Except...there are no GAINS now...so would it matter?
FWIW it would probably have just enough psychological effect to jump-start things...
Here’s to hoping some Pubbies with testicles take control next fall and do some things before it’s too late. I mean, we will probably already be in the abyss by then, but I’m one that believes you can ALWAYS recover, the question is the speed and timeframe.
And they refer to themselves as “progressives”
Under Bush - I think Unemployment avg’ed about 5.5%.
The avg American has no clue. All they care about is ball games on TV.
I would love to get a high resolution of that chart.
I think they are doing a dollar adjusted avg of the S&P 500 or something.
Under Bush - I think Unemployment avg’ed about 5.5%.
The avg American has no clue. All they care about is ball games on TV.
I would love to get a high resolution of that chart.
I think they are doing a dollar adjusted avg of the S&P 500 or something.
nice site.
Capitalists (those that still have money) want their capital TO GROW. In order to do that, they must INVEST that money in the place where it will do them the most good. A 10 year holiday from capital gains would draw them to the US like flies to a dead carcass...........which is what we’ll be soon...........
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