Frustration ad inifinitum
And the Role of CPI and Tbills
Meanwhile, Political Theater: The Rants and Raves of the Righteous
Against the Stupid, Greedy, and Wealthy
Chart
Dow Jones Industrial Average vs Inflation and Interest Rates
5.5 years--July 2, 1937--December 31, 1942
Weekly
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This chart is stepped forward eight years from the alltime peak of 1929. It begins a few weeks before the peak of August 16, 1937,the top of the giant rally from the desolate, final bottom earlier in July 1932.
The time frame is weekly. This gives more granularity of detail and speed of posting. I have magnified the Tbills rate for greater visibility and impact by multiplying the actual historical rates by 10. Thus the opening rate on the chart for July 2, 1937, is the rate shown, 2.8% divided by 10 = 0.28%, the true rate on that date. It drops to its lowest level of 0.04% for the entire series (1929 to 1942).
The next chart shows you what is happening today, week by week, compared with the 1937-1942 period which spanned the last half of the 'Great Depression' and ended it in 1942 with America's entry into World War ll.
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