StickWithANose

Animal Spirits has posted a telling collection of graphs that lead to a rather disturbing conclusion: [h/t Naked Capitalism]

The forecast is for more bitter fighting over a dwindling pie until growth stalls completely in about five years.  That is when the real crisis begins.

In the meanwhile the allocation of economic pain will reveal the usually hidden pecking order of American society:  bankers (except some investment bankers, but that was personal) feel no pain, but auto workers do; women and children are some of the first to lose benefits in California; and so on.  In this sense President Obama’s time in office resembles the Hurricane Katrina experience, in which so much of the underbelly of American society was exposed…

So if you think we’ve seen a long-term bottom in the stock market, you’ve got another think coming.  This is research, not investment advice.  You invest at your own risk.

More graph porn here… via The Big Picture. Good thoughts to carry you into the weekend… As for me, I’m going to look at some art and drink wine. Cheers!