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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: shades who wrote (83734)7/17/2007 5:53:52 PM
From: bart13  Read Replies (1) of 110194
 

...
general goods and services only fell about 10%.
...


The CPI was 17.1 in August 1929 and dropped to 12.6 in March of 1933.
That's closer to 25% than 10%, and that doesn't exactly seem like mild deflation to me, especially considering that doesn't include things like the drop in the Dow from about 380 to about 40, or the average new house dropping from about $8500 to $5700 (admittedly sparse housing data but backed up by apartment rent data that shows similar declines).

Here's the other chart from the 1920-40 period, which has CPI, bank credit and recessions (as defined by the NBER) on it.

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