It's Already Worse Than the Depression

[cancel2 2022]

Fascinating article from the Motley Fool website, pointing out that large cap stocks have dropped more in the last ten years than in any previous ten year period since 1926. Here is an extract.

According to Ibbotson Associates, of the 74 rolling 10-year periods since 1926 (i.e., 1926-1935, 1927-1936, and so on), U.S. large-cap stocks posted negative returns in just three of them. The first two were 1929-1938 (-0.89% compound annual return) and 1930-1939 (-0.05% compound annual return), and involved the Depression. The third loser decade was the most recent -- and the worst. From 1999-2008, U.S. large-cap stocks "returned" a compound annual average of negative 1.38%.
Who would have thought back in 1999, when we were more worried about Y2K than our 401(k), that in the subsequent decade big-name American stocks would do worse than they did in the 1930s? Not many.

 

[Topspin]

buying opportunity of a lifetime

 

[FUCK THE POLICE]

It is sensationalism to say that this recession is worse the the great depression. The fact that stocks are really bad now mainly points to the excesses of the 90's.

 

[Topspin]

No it doesn't, but you are right nothing is like the depression.
take a look at the S&P 500 it's not like 450 are going to shit. You have a few thieves sink about 50 banks and insurance companies. The rest while not flying high are not dying either.

 

[uscitizen]

If you play on numbers. More money was lost recently than in the great depression.
More are unemployed than in the great depression.

But that is just if you play with numbers.
But it is also true.

 

[Bonestorm]

If you play on numbers. More money was lost recently than in the great depression.
More are unemployed than in the great depression.

But that is just if you play with numbers.
But it is also true.

Well, even by some non-sensationalized numbers the current recession is on par with the Great Depression. Consider:

 

[Topspin]

this is comical
unemployment was near 25% and neg GDP was near 22% without unemployment insurance and you had long lines at food kitchens.
Today you have guy's fith $500 phones in line at the food kitchen.

 

[Whomever]

this is comical
unemployment was near 25% and neg GDP was near 22% without unemployment insurance and you had long lines at food kitchens.
Today you have guy's fith $500 phones in line at the food kitchen.

We had no unemployment insurance then either.

 

[uscitizen]

The main problem with this recession is not enough jumpers on Wall Street.

 

[Dixie - In Memoriam]

this is comical
unemployment was near 25% and neg GDP was near 22% without unemployment insurance and you had long lines at food kitchens.
Today you have guy's fith $500 phones in line at the food kitchen.

Correction... There are no food kitchens today, the guy with the $500 phone is in line to trade it in for the new $700 phone.

 

[Topspin]

we need a third party, socially liberal fiscally conservative

 

[Dixie - In Memoriam]

we need a third party, socially liberal fiscally conservative

Why? So they can split 2% of the vote with Libertarians?

 

[uscitizen]

Correction... There are no food kitchens today, the guy with the $500 phone is in line to trade it in for the new $700 phone.

Man! Are you still on that baloney?

 

[Chapdog]

its a correction of your neighbor loses his/her job
a recession if you lose your job
a depression if you lose your house

 

[Topspin]

you can get another job and house a lot easier in 9% unemployment than you can in 25%. though I agree if you've lost your job it's a depression to you.

 

[Sammy Jankis]

we need a third party, socially liberal fiscally conservative

Cool, anti-family fascism. nice.

 

[Dixie - In Memoriam]

Man! Are you still on that baloney?