2 Graphs: Jobs and Housing prices

Powerline blog has a great post with two informative graphs.

1. A graph of job gains or losses per month. It shows the natural cycle already starting trending upwards before Obama's policies could have had any effect. It's always important to keep in mind the business cycle's trends when evaluating whether policies have helped or not.

2. A graph of the housing market, asjusted for inflation, since 1900. It makes it clear how government policies and lower lending standards and easy money policies and the market irrationality caused by opaque mortgage-backed securities and their derivatives had thrown housing prices completely out of whack. They are only now back down near, but still higher, than the historical average. Based on this graph, you could expect anything from a stabilization in prices in the near future to a further pendulum swing down another 20-30%.