The chart maps the progress of DOWI (The Dow Jones Industrial Average Index , blue) against US GDP (green) and National Debt (red) over the last 5 presedential terms. (Click on the chart to enlarge it).
Economic growth was steady under Reagan and the first Bush and accelerated under Clinton, but with "irrational exuberance" in the stock market .
The second Bush saw the collapse of the Dot-Com boom and the later banking crash. Obama's QE (Quantative Easing) and ZIRP (Zero Interest Rate Policy) saw a recovery in the market, resumed economic growth, but spiralling of the National Debt. GDP and DOWI seem back on track, but taxation is needed to reduce the National Debt.
DOWI has risen far enough for the moment and should ease back towards the blue dotted support line.
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