Friday, July 27, 2012

Third Time's the Charm?

Click to enlarge.

3 (number)

There is another superstition that it is unlucky to take a third light, that is, to be the third person to light a cigarette from the same match or lighter. This superstition is sometimes asserted to have originated among soldiers in the trenches of the First World War when a sniper might see the first light, take aim on the second and fire on the third.

This post inspired by Troy from the comments of my last post.

See Also:
Dividend Persistence
Corporate Profits vs. Wages (Musical Tribute)

Source Data:
St. Louis Fed: Custom Chart


Stagflationary Mark said...

Those who bought stocks in 1965 (corp profits / wages > 15%) didn't exactly make out like bandits either.

Real S&P 500 (June 2012 Dollars, Not Counting Dividends, 1965 through 1981)

Troy said...,_Jr.#Powell_Memorandum

The 1% are better defended now.

Stagflationary Mark said...

Speaking of 1%, there is a correlation between the chart in this post and the inverse of the 10-year treasury yield.

It's not looking good for the 99%.