The Economy In Pictures

Economics is always better explained in pictures than words. Zerohedge.com recently posted 10 Charts which show the true condition of the American economy. I am not going to post all of them, but there are a few that really tell the story.

Total debt of Americans

Presentation Credit Market Instruments

The Home Ownership Rate

Presentation Homeownership Rate

The Inactivity Rate For Men In Their Prime Working Years

Presentation Inactivity Rate

Real Median Household Income

Presentation Real Median Household Income

We definitely need a change in President Obama’s economic strategy.