One of my favorite SNL skits was after George HW Bush (Dana Carvey) lost his reelection bid, and was complaining about being another Jimmy Carter. Unfortunately I can’t find it on YouTube.
Looks like we have a new Jimmy Carter.
CHAPEL HILL, N.C. (MarketWatch) — The stock market is poised today to do something it has not done in over 33 years: Decline for nine straight sessions.
The last time the Dow Jones Industrial Average DJIA -4.31% did that, in fact, was Feb. 22, 1978, when Jimmy Carter was president and the country was struggling to come to grips with a period of anemic economic growth and high inflation.
At least we had Reagan to bail us out after Carter. What now?
Why hasn’t Obama been able to make inflation rise?
That is cute!
I am almost surprised it took the Market this long to react. I expected it 2 years ago!
They need another $trillion stimulus…………..
What the heck….it’s only money
……….our money
Omnologos,
Inflation is coming….oh yes it is.
Gasoline, food and clothing are skyrocketing. I’d say those are fairly important indicators. Interest rates are going to rise in the next 12 months, and thus so will inflation.
Keep in mind as the dollar weakens, that translates into oil prices rising exponentially as oil is based on the dollar. Once the dollar is dumped as the world reserve currency, all bets are off and it’s the Wehrmacht Republic here we come.
A good cartoon for you.
http://www.weeklystandard.com/blogs/qe2-video_516831.html