News items from the 1974 recession are strikingly similar to today’s headlines. So we thought it would be helpful to take a look at stock market results for the 10 years before the depths of that recession, and 10 years following.
We are in the midst of the worst crisis of confidence in our financial system since the 1930s. In a very real sense, currency is based upon trust between people, so this means that we are not trusting each other. The fault and blame is clearly not limited to any one group.