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Chart of the Day, a web site which has various financial charts, had an interesting one today. It's the Dow Jones Industrial Average compared to the price of gold. Although the Dow reached a record high in the summer of last year, in US Dollars, when you try to "buy the Dow" using gold, a totally different picture emerges.



When priced in gold, the Dow reached its apex in 2000 and has been sliding ever since.

2000... Let's see... that was the year Bush was elected! Coincidence?  I think not.

Even Reaganomics was better for the economy than Bushwhackonomics.


Comments

xanderwulfie
Jul. 19th, 2008 12:18 am (UTC)
Yes, numbers always need a context to be develop their meaning. This is interesting, and depressing. I hope we will start recovering from this, soon.