The Dow Jones Industrial Average provides us with some pretty strong evidence that our “stock market boom” has been fueled by debt. On Wednesday, the Dow crossed the 20,000 mark for the first time ever, and this comes at a time when the U.S. national debt is right on the verge of hitting 20 trillion dollars.
Is this just a coincidence? As you will see, there has been a very close correlation between the national debt and the Dow Jones Industrial Average for a very long time.
For example, when Ronald Reagan took office in 1991, the U.S. national debt had just hit 994 billion dollars and the Dow was sitting at 951. And as you can see from this chart by Matterhorn.gold via David Stockman, roughly that same ratio has held true throughout subsequent presidential administrations…
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3 comments:
hope folks are still saving for a rainy day...hearing rain could be very heavy in the near future!!!!!
The crash is coming, thanks to liberal spending. And the Republicans have allowed it to happen. Push for term limits and eliminate the salaries and benefits politicians have given themselves over the years to enjoy the rest of their lives, at taxpayers' expense.
House of Cards: Part II
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