this is a sidebar: who fires the SEC chair if the President can’t? The Fed? Thanks. Interested to know.
Excellent post and I’ve bookmarked for future use.
I’m thinking that Crimson Elephant is thinking...roll tide?
Interesting how it gets stuck in the 600 - 1000 range from 1965 to 1980, then starts taking off upward. Could the stagnation be from Great Society programs draining the economy and the upsurge be from the economy being let free to grow during the Reagan years?
It kind of flattens out from 1998 - 2001, too. Mmm.. Who’s tax policies were in effect then?
Adjusting the scale that way seems like a good way to tell the story that you want to tell.
Now here is some perspective! And you are right...we are not even getting close to the ballpark. So much demand for the perfect, undisrupted life that the complaining sounds like we are right around that 1931-1932 period.
Tax cuts in the 80's have spurred all the current economic growth by allowing businesses to invest and grow and people to have more money to spend. Trickle down works.
Is such a chart available in constant-dollars?
Well, under every chart, the last decade sucked. We are basically at no gain, or perhaps even a small loss for the past ten years.
You know, ten years is a big chunk out of one’s prep for future. Assuming you are in the market for forty years, that’s a big chunk. I don’t see how losing a decade can ever be justified as anything but pretty poor.
I’d like to see this chart with the effects of inflation (increase of the money supply) calculated in.
bookmark for later