How This Bear Market Compares

By Edward Harrison On Oct 13, 2008

This amazing chart is interactive at the NYTimes:

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

936 points up

News round-up: 14 Oct 2008

2 Comments

Stevie b. says 16 years ago

Edward – nice chart but maybe not quite as relevant as it appears? Things move so much more quickly than they used to in the old days. What used to take weeks to get disseminated & have an effect when I started in this business now takes seconds and as a result, markets move in a fraction of the time. Perhaps someone could do a study so that we can compare apples with apples.
Edward Harrison says 16 years ago

Sorry for the delay in response, Stevie. You’re right about the speed of this decline. No one can accuse me of being a doe-eyed optimist and even I have been caught off guard by the speed of the decline.

I don’t know how you could make this an apples to apples comparison given that.

That said, it is strange that we have not seen more major house builder bankruptcies in this environment. In the U.S., the U.K. and Spain, I would expect to hear more from house builders than we have done.

Maybe that’s a silver lining here.

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