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Friday 10 October 2008

Economic recovery

If I hear one more fool stating that this recession will last two years or so I will scream. Just a reminder of what happened after the Great Stock Market Crash of 1929. The Dow Jones reached its record low in July 1932, by which time the Dow Jones had fallen 89%. The Dow Jones did not recover to 1929 levels until 1954.

1 comment:

John M Ward said...

Well, I've decided to step back and wait to see what happens, and instead am posting (embedding) favourite musical items on my own 'blog to help keep my readers' (both of 'em!)spirits up.