Tuesday, June 23, 2009

Uh-Oh: History Is Repeating Itself

On 29 March 2009, I posted my first blog here with now an infamous chart:

From my initial blog: The horizontal axis in my homemade chart represents a monthly timeline, with 0 corresponding to market peaks in 1929 (blue line) and 2008 (red line). The vertical axis is a log scale with 1 being the market high.

Paul Krugman's recent posting uses another, more reliable metric for compating 1929 to 2008. It is scary that history is repeating itself:

No comments: