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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?


To: LTK007 who wrote (66858)8/13/2002 12:36:35 AM
From: MSI  Respond to of 208838
 
"Worse than '29"

Interesting stat in that regard:

"...because the stockmarket plays a bigger role in the economy than in '29, the loss of equity wealth over the past 18 months is equal to 75% of GDP, a bigger proportionate loss than after the 1929 crash"

-- Wealth and Democracy, Kevin Phillips