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Camped here at the horse ranch, I now have horseshit wafting through the windows, and coming from my computer screen.



All that chart tells you is which Presidents happened to have their terms stop and start at extremes. Clinton, for example, started in a recession and ended at the top of the dot.com bubble (really the 401k bubble). Even in Hoover's case an asterisk is needed since the market nearly recovered in 1930 until Congress passed Smoot-Hawley (Hoover doesn't get a free pass though since he didn't veto the bill). It's amazing Bush-the-lesser managed a positive value since he took office at the top of the bubble and left at the bottom of a hard recession.

I gave the thread a better title. The bond market activity is very ominous and clearly is not a result of what happened last year: it's all about what _this_ administration is doing (doubling the national debt, etc). If you plan on borrowing money for anything in the next decade or two, better do it now.
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"If they can't picture me with a knife, forcing them to strip in an alley, I don't want any part of it. It's humiliating." - windsock