Friday, October 10, 2008

Two Charts

First, the Dow from September 16, 2008:

Second, the RealClearPolitics Average of Polls from September 17, 2008, the last time Senator Obama and Senator McCain were tied:

Is there a correlation?

Is there causation?


In response to the blogfather, one reader notes:
One of my hedge-fund readers emails:

The thumbnail future market history of this month is likely to include the phrase "correctly discounting the economic fallout of an Obama presidency and hard-left Congress repeating the failed frenetic economic policies of the 1930s". Let's just hope it doesn't take a re-run of the 1940s to extract us.

Ugh. Thanks for that comforting thought. And those enthusiastic for New Deal type solutions should be required to read Amity Shlaes' book on the subject.

Or at least this: FDR's policies prolonged Depression by 7 years, UCLA economists calculate.

P.S. Thanks for the comments!

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