John Slater

The Most Misunderstood Chart of All Time

Consider looking at the chart in another way.

1997 was the equivalent of 1929 for purposes on analyzing the chart. We have been in a negative economic event (no good historical term for it) ever since. the runup from 230% to 360% is parallel to the runup from 1929 to 1934 as the economy has tried to address the shocks of the period, but failed and as a result debt has soared in relation to income. doesn't look exactly the same as in the because your friend Mr. Greenspan pushed a lot of his crack at the economy to keep the deflation from happening sooner. Looked at optimistically we may be somewhere near 1934 in terms of the chart. Of course it took six more years for the economy to dig itself out.