How’s it going? “Well, it’s been a pretty rough … decade.” 12/22/2009
Posted by mritsema in government.Tags: Business, Capitalism, Wealth
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If you or your friends had a pretty tough year (or decade), you’re not alone. Actually the entire US economy had a rough run for the last ten years. The stock market delivered the worst ten year run in … history – according to the Wall Street Journal!
- ABREAST OF THE MARKET
- DECEMBER 20, 2009
Investors Hope the ’10s Beat the ’00s
Since End of 1999, U.S. Stocks’ Performance Has Been the All-Time Clunker; Even 1930s Beat It
But wait, there’s more. By almost any measure, the average American is worse off than the decade of the ’90s.
- Personal Income is up a meager 5%
- Net Worth is down 14%
- Gross Employment is up .5%.
That delivers the worst performing decade in my lifetime and then some - 60 years actually. Again the Wall Street Journal:
DECEMBER 22, 2009
The Dimming of a Beacon
Riding High at the Start of the 2000s, the Nation’s Economic Model Had a Rocky Ride
Good news though: I believe the next decade will be fantastic! We will bounce back!
Michael Ritsema i3 Business Solutions, LLC
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