Browsing Tag

recession

Chart of the day: Dow 1973-1974

The last time faced a recession and a Bear Market of such viciousness was 35 years ago in the recession of 1973-1975. In the UK, it was truly horrific as inflation shot up to 25% and stocks dropped more than 90% in inflation-adjusted terms.…

Another look at my 2008 predictions

In July, I made my ten predictions for the markets and global economy for the rest of the year. Some of my predictions were pretty pedestrians, and some were fairly bold. Let's take a look and see how I'm doing.Here's what I originally…

Worse than the Great Depression

The next time you hear someone say that things are worse than the Great Depression now, do me a favor and smack them upside the head for me, please. This is the kind of nonsense you hear nowadays and we need to dispel these myths right…

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