Click to enlarge.
Add this.
October 5, 2012
40.7 Million Missing Jobs
Click to enlarge.
You end up with this.
Click to enlarge.
As of 2004, I am a permabear. Sigh.
Source Data:
St. Louis Fed: Real Total Credit Market Debt Owed per Capita
St. Louis Fed: Real Wage and Salary Disbursements per Capita
I strongly believe that none of these charts will ever resume their former trends.
ReplyDeletePeople just need to spend 10 minutes to get their free personalized retirement plan.
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Mr Slippery,
ReplyDeleteHahaha!
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I suspect that it involves a lubricant of some sort.
Shame on me for going there, lol.
Um, I meant, well, to make the process go smoother of course. You know. I'm not trying to imply that it involves a colonoscopy or anything.
ReplyDeleteGood grief. I went there again. ;)
Talking of permabearmanship, I happened to enquire on several US blogs a few months ago whether big hurricanes ever strike NYC. People didn't seem remotely interested.
ReplyDeleteMark -
ReplyDeleteWhy 231.414?
Cheers!
JzB
dearieme,
ReplyDeletePermabearmanship?
I love that term! Hahaha!
Jazzbumpa,
ReplyDeleteThat's the CPI's value as of September 2012 (to convert the result to September 2012 dollars).
Divide the measure in your first graph by real per capita gdp ( also in 2012 dollars ) and you'll see a beautiful example of "regime change".
ReplyDeleteAnonymous,
ReplyDeleteIt simplifies to Total Credit Market Debt Owed / GDP.
All exponential trends eventually fail.
The failure isn't pleasant and will more than likely never unfail.
That might eventually be good news of course. Unfortunately, those planning on a booming economy thanks to ever increasing levels of debt might want to rethink their mid-term plans.