Dow Jones adjusted by inflation

For some long-term perspective, today''s chart illustrates the Dow adjusted for inflation since 1925. There are several points of interest. 

For one, the inflation-adjusted Dow has gained a mere 55% since its 1929 peak and gained only 10% since its 1966 peak – not that impressive considering it took many decades to achieve those gains. 

It is also interesting to note that based on an inflation-adjusted Dow, the current bear market actually began in 1999 only to be interrupted briefly by a multi-trillion dollar credit bubble. That bubble has burst, of course, and the Dow now trades at a level not seen since 1995.

Brazilian former president is interviewed by BBC´s HARDtalk show

During his presidency Brazil faces several international crises ( Russian, Asian Tigers, México), and we end up asking money to IMF and Bill Clinton several times.

Fernando Henrique was responsible to finish with decades of hyperinflation and he startsthe privatization process late in 90´s.

He adopted contrationist fiscal policies during his eigth years of presidency and Brazil had a 10 years of weak growth,  dramatic increase in internal debt,  return of inflation in the last year before he pass country his sucessor: Luiz Inácio "Lula" da Silva

Nowadays, He is the "honor" president of the major opposition party in Brazil: PSDB

He seems to not accept very well the success of the actual president as you can see in the below interview:

Ponzi Scheme: Madoff Dossie

Nobody trust wall street anymore .... 

Take, for instance, the Madoff ponzi scheme....

In November 7, 2005 the investor Harry Markopolos, had reported 19 pages of reasons of why Madoff´s hedge fund has been a fraud.

What did the SEC? nothing! 

Here's the dossie file to be downloaded: Click here

Setember 18, 2008 --> The Truth is out there...

At 2 minutes and 20 seconds in the video below, Democratic Representative Kanjorski explains how the Federal Reserve told Congress members about a "tremendous draw-down of money market accounts in the United States, to the tune of $550 billion dollars." According to Kanjorski, this electronic transfer occurred over the period of an hour or two. And it gets worse. Kanjorski paraphrases the following disclosure by Bernanke and Paulson (emphasis added):

On Thursday (Sept 18), at 11 in the morning the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two. The Treasury opened up its window to help and pumped a $105 billion in the system and quickly realized that they could not stem the tide. We were having an electronic run on the banks. They decided to close the operation, close down the money accounts and announce a guarantee of $250,000 per account so there wouldn''''t be further panic out there.

If they had not done that, their estimation was that by 2pm that afternoon, $5.5 trillion would have been drawn out of the money market system of the U.S., would have collapsed the entire economy of the U.S., and within 24 hours the world economy would have collapsed... It would have been the end of our economic system and our political system as we know it...

We are no better off today than we were 3 months ago because we have a decrease in the equity positions of banks because other assets are going sour by the moment.

Brazil contrasts

This picture says more from Brazil than 1,000,000 words... (São Paulo, Morumbi)

Stock Market Funny Cartoon