02-12-2014, 11:54 PM
Mark Hulbert of the Hulbert Financial Digest posted this article on Marketwatch:
http://www.marketwatch.com/story/scary-1...212803FAD6
This isn't the first time I've noted someone bring this up. This was published in several other places in the last month or two also. However, I was a little disappointed that someone with Hulbert's reputation wasn't a little more sceptical. I don't have all those numbers available at my fingertips and I'm not a student of the Great Depression so I'm not qualified to pick apart the yeahs and nays.
Yeah, the chart looks eerie but ...
* if you're going to use two different scales, the Y-axis should be log, not linear, to show and compare relative changes.
* the economy doesn't seem to be in the same position as we were in 1929.
* there isn't the hubris to the extent as in 1929.
What do you think?
http://www.marketwatch.com/story/scary-1...212803FAD6
This isn't the first time I've noted someone bring this up. This was published in several other places in the last month or two also. However, I was a little disappointed that someone with Hulbert's reputation wasn't a little more sceptical. I don't have all those numbers available at my fingertips and I'm not a student of the Great Depression so I'm not qualified to pick apart the yeahs and nays.
Yeah, the chart looks eerie but ...
* if you're going to use two different scales, the Y-axis should be log, not linear, to show and compare relative changes.
* the economy doesn't seem to be in the same position as we were in 1929.
* there isn't the hubris to the extent as in 1929.
What do you think?