|From WebSufinMurfs FinancialBlog2|
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.