The chart shows the Consumer Price Index: All Items divided by the Producer Price Index: All Commodities.
As seen in the chart, the 1910s (World War I), 1930s (The Great Depression), 1940s (World War II), 1970s (Oil Crisis), and 2000s (The Great Recession) all shared something in common.
If you are spending more and more of your time thinking about commodities, debt, and wars (currency, trade, and/or military), then you are probably spending less and less of your time thinking about actual prosperity.
See Also:
Trend Line Disclaimer
Source Data:
St. Louis Fed: PPI: All Commodities
St. Louis Fed: CPI: All Items
jus me,
ReplyDeleteI finally answered your questions today from an earlier post. Sorry it took so long.
General Knoxx keeps pulling me in and I've been using the Playstation to check in (but not my computer with the email notifications).
The Secret Armory of General Knoxx
Well I cannot list the top two things I think about (family site and all) but the third is usually NFL football, followed by fishing, grilling, my yard, etc. Then I get to the market stuff. I do not think I am unique in this!
ReplyDeleteWe need a "Prosperity Czar" and I hereby nominate Mark!
GYSC,
ReplyDeleteThere are 15 million unemployed. Why not just nominate me to be the Scapegoat Czar while you are at it, lol. ;)
Would you take the job? HA!
ReplyDeleteGYSC,
ReplyDeleteI am responsible for the Illusion of Prosperity.
Hmmm. Maybe I do have what it takes to be the Scapegoat Czar.
I am sure you could "invent" a way to make it work, maybe MMORPG?
ReplyDelete