Wednesday, October 14, 2009

The Dow rallied over 10,000 points today. Where did our purchasing power go?

Today's 10000 points on the Dow = 7700 points on the Dow in 1999.
There was a 25% decrease in the value of the dollar in the last 10 years.

In 1999, the Dow was at 9500-11500 in 1999 dollars.

In 1999 dollars, we're still down 2000 points.

Today's gas=$3.00/gallon.
In 1999, that same gallon would be adjusted to appx. $2.25/gallon.

Back in 1999, each gallon of gas was $1.65/gallon after a steep hike in prices in California.

We still haven't touched on the cost of living index, deficits, tax hikes, unemployment epidemic and employment/population growth yet.

The sick part is that your children will be paying for this rally.

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