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Friday, February 19, 2010

Depressing historical statistics for last 20 years

Mish has a good article titled Law of Diminishing Returns of Credit Expansion, I recommend as a must read. I borrowed one image that speaks volumes below. Notice in the last 20 years job growth has halted, personal wealth, GDP, and S&P 500 growth is on the decline.

From WebSufinMurfs FinancialBlog2

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