Tuesday, 27 January 2009
The FTSE and the economic genius that is Gordon Brown
FTSE 100 1979 to date.
Notice the long, pretty consistent, Conservative boom in share prices followed by a Labour bust, a Labour boom back to the level of the previous boom and then another Labour bust. Gordon Brown's economic genius has taken share prices back to 1996/97 levels; it's almost as though the last 12 years of Labour misrule had never happened, if only that was the case...
Thanks to Guido Fawkes for the graph.