Skip to comments.The Only 'Chart' That Main Street Cares About
Posted on 08/16/2013 4:48:30 PM PDT by Perdogg
Presented with little comment aside to note that while every night we are told by how much the Dow closed green, many await the day the chart below flashes anything but red.
And as an added bonus, here it is again, this time alongside the Fed's ever rising "assets"... on an inverted axis. Luckily, correlation is not causation and all that.
Charts: Goldman Sachs and @Not_Jim_Cramer
You mean during the Bush years?
Got one going back to the first Carter administration?
I hate to say it, but the first chart sure makes Clinton look good.
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“I hate to say it, but the first chart sure makes Clinton look good.”
Actually, that’s due to Al Gore’s internet.
Then Janet Reno sued Microsoft and that was that.
what happened in January of 2007?
Actually it makes Newt Gingrich look good. But now he is a go along to get along moron.
proud of those pubs back in 2004 though...without their stand we'd have Clintoncare.....we'd have many more new taxes and more indebtedness....the only bad thing is they made Clinotoon look good...
damn perot and his sheeple...
We had the tech revolution. It would have been better has Clinton not raised rates.
Then we had the oil shock of 2004.
Democrats took control of Congress, why do you ask?
Why would anyone INVERT the federal assets?!!! Most people won’t get the impact of the problem with the stupid chart the way it is.
The inverse relationship would show up quite nicely. Most people will look at the current chart and discount the inversion believing that the feds are in the same boat as households.
It coincides with the EXPLOSION of government debt...
Imagine how all the median households across the country will feel when they receive their first $12,000-a-year ObamaCare bill.
Maybe the reason our Attorney General recently decided to free our prisons from low-level drug offenders is so there’ll be enough room to house the millions of Americans who won’t be able to pay their ObamaCare premiums.
Don’t forget to factor in Inflation!(Theft...)
Makes it a LOT Worst!
Clinton was good on the budget. He had it balanced, and was on a course to pay off debt. He did it with a stable stock market and savers getting meaningul interest on their savings.
Makes republican control of congress look good.
By a stable stock market you mean the tech bubble? That was not stable.
“Clinton was good on the budget. He had it balanced, and was on a course to pay off debt.”
Newt’s republican congress dragged Clinton in kicking & screaming three times before he signed the diluted bill to balance the budget, but the MSM credits whom Bubba
I am sure there are more households today that have one income earner than 25 years ago... just saying that it probably contributes partially to the downward slide.
A lot of people have forgotten that infamous day in history.
“Clinton was good on the budget. He had it balanced, and was on a course to pay off debt. He did it with a stable stock market and savers getting meaningul interest on their savings.”
No, he wasn’t. His sub-prime enforcement on the banks caused the housing bubble. His monetary policies of the national debt refinanced debt on short term bonds that caused higher interest rates and robbed the markets. He gave us the biggest tax increase ever. He caused the tech bubble that burst in 2001. His State Dept authorized the stealing of patents and products by foreign companies for importation, deflating our manufacturing base which we still are feeling the effects.
He was terrible for the economy.
The 1994 Congress actually balanced the budget. THAT is why the economy took off.
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