Wednesday, September 15, 2010

Chart of the Week: More Analysts Using "D" Word

Need to see more charts to convince you that America is in dire straits not navigated since 1930?  Check it:
You are in the red zone.  And just so you do not cling to the theory that the Wall Street bailout will help avert the hard times, look at this:
If ever a bar graph showed a low correlation between the stock market performance and the nation's economic health, this one does.  Of particular interest is the performance of both since the 1970's.  There is a steady decline in annual change in GDP while the stock market boomed for twenty years.  This is the financial bubble created by tech mania and super low interest rates on government money which the 'buckaneers' borrowed to turn into huge profits by manipulating the markets.  Sure the Ponzi-like scheme panicked a few times (Mexico, LTCM, 2007) but each time co-dependent Uncle Sugar was their with more juice.  Another sign of the times is the record number of bank failures:
Finally, here are thirteen more reasons to use the "D" word.