I live in the USA and I am concerned about the future. I created this blog to share my thoughts on the economy and anything else that might catch my attention.
Monday, August 13, 2012
Brace for Financial Pain
Click to enlarge.
All I'm trying to say is that there were probably better times in all of recorded history to swing for the fences.
Amazing how fast it recovered in just 10 years. People really love their financial assets in the new century. It has a bubbly look, but what do I know? Maybe the ratio will hit 3.0 before it comes down again.
If by "due" you mean after a 3 year plummet that makes the 2008 recession look like a mere hiccup, then I agree with you. That's what your graph says to me, anyway.
Amazing how fast it recovered in just 10 years. People really love their financial assets in the new century. It has a bubbly look, but what do I know? Maybe the ratio will hit 3.0 before it comes down again.
ReplyDeleteMr Slippery,
ReplyDeleteI'd say we're due for a nice 1982 to 2000 style prosperity wave.
Did I say due? I didn't mean to imply that there was a debt owed.
100% optimism here. Yes, sir.
If by "due" you mean after a 3 year plummet that makes the 2008 recession look like a mere hiccup, then I agree with you. That's what your graph says to me, anyway.
ReplyDeleteWho Struck John,
ReplyDeleteIntractable hiccups - they persist for longer than one month.
I don't even know why I bring it up.