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Hillary Clinton’s Selective Dot Com Bubble Memory

In a March 2016 debate Hillary Clinton declared:

You know, if we’re going to argue about the 1990’s instead of talking about the future, which I’d much prefer because I think every election is about the future, and you all deserve to know what we will do to help you have a brighter future — but, if we are going to talk about the 1990’s I think it’s only fair to say that at the end of the 1990’s, after two terms of my husband’s presidency, the unemployment rate in Michigan was 4.4 percent.

Here are the 1990s in Nasdaq chart form:

NASDAQ Bubble Chart

NASDAQ Bubble Chart

The 1990s were the biggest stock market bubble in USA history. And now 16 years later, via slight of hand and a fantasy timeline, shes brag about the then great economy that magically only concluded at the tail end of her husband’s Presidency.

Bottom line: politicians are never the path to wealth and their words never tell anywhere close to a full story.

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Posted in Economics, Politics, Trend Following
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