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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: bart13 who wrote (78241)1/27/2007 6:39:34 PM
From: benwood  Respond to of 110194
 
Thanks! 1985 to now is a wash based on all the broader strokes. But that's always when the top 1% began absorbing the lion's share of all the gains of the economy, and the top 10% nearly all the rest. With those factored out, I would have expected a bigger decline. Looking from 1973 to today including the dollar weighting and all the wealthy, we still have nearly a 50% drop. That '73 peak would coincide with a higher stock market and pre-oil embargo. Maybe much of the decline is simply importing too much oil for too long -- energy dependence.

Food for thought in any event, thanks again.