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Posted by: Michael Mandel on February 20
Kartik asked to see the full comparison of the last ten years in the stock market versus 1929-39. Here is the chart. The top line is the S&P500 index, adjusted for inflation, from first quarter of 1999 to the first quarter of 2009 (through today). The bottom line is the S&P 500, adjusted for inflation, from third quarter of 1929 (September to be exact) to the third quarter of 1939. In both cases the initial data point is set up to 1.
Michael Mandel, BW's award-winning chief economist, provides his unique perspective on the hot economic issues of the day. From globalization to the future of work to the ups and downs of the financial markets, Mandel-named 2006 economic journalist of the year by the World Leadership Forum-offers cutting edge analysis and commentary.