Skip to content
Notify of
Inline Feedbacks
View all comments
7 years ago

With respect to the last
With respect to the last graph I’m surprised that incomes did not actually fall in late 2008/2009-2010 era, obviously only the incomes of those working goes into the graph. The second graph shows just how dramatic the inflation of the 80’s was and the bubble of 2005, separated by 25 years. Will gold be the next bubble? The inflation of the 80’s was caused by oil prices and the Housing Bubble was caused by “liar loans”. Even though greed seems to be at the root there is always a positive twist it seems. The oil crisis was a wake up call to alternative energy and the housing bubble was an effort to make having a house easier.P.S.- just took another look at the graph and there is in fact a dip around 2009 for incomes, just not as big as one might have expected.