This was reported today at CNBC and I thought it was worth mentioning. The average family in the U.S. is also making 4.2% less than in 2008. So, that means that real income (that which allows you to buy the same things in 2000) is actually 7.2% less for the average family. That would also have to mean that at least 3 % of the loss was from 2000 until 2008. So, my thought is somehow there is a direct correlation between 9-11 and this 3% loss of income up until 2008. What happened in 2008 I believe has more to do with the end of the Unions starting with Reagan union busting as well as Reagan getting rid of Great Depression safeguards like the Glass Steagal act and other kinds of necessary legislation like this. Unfortunately, Both Bushes and even Clinton followed Reagan's lead in weakening legislation meant to protect average citizens from banks gambling with their money like it was Las Vegas. However, today for example, there still is no implemented policy to protect average citizens from "too big to fail banks" gambling with their money still. This is why people are worried and many people and businesses have socked a whole lot of money away various places for a "Rainy day". Because there is no security like there was from the 1930s up until the early 1980s no one who has actually studied economics is taking risks like they did from the 1950s through the 1980s when it was still safe to investment wise.
Also, now the:
Hindenburg Omen warning sign returns to market
is spooking some investors also.
So, it remains to be seen what the market is going to do between now and the first of the year.
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