A Decade as Bad as the Great Depression
Posted by: Michael Mandel on February 18

Over the past ten years, the S&P 500 is down 50% adjusted for inflation (February 17, 1999 to February 17, 2009). By my calculation, the stock market was down roughly 50%, adjusted for inflation, in the worst ten years of the Great Depression (September 1929 to ( Read more... )

New York Times Op-Ed: Decade at Bernie’s

...The odds are that the legacy of our time of illusion
- our decade at Bernie’s - will be a long, painful slump... By now everyone knows the sad tale of Bernard Madoff’s duped investors. They looked at their statements and thought they were rich. But then, one day, they discovered to their horror that ( Read more... )

"The Zeros"They sure look like it! With 2009 widely expected to end up producing, at best, flat growth for the year as a whole, the entire decade of 2000-2009 may very well go down as this nation's worst since the decade of 1930-1939 ( Read more... )

I still predict that historians will call this decade the zeros because it was a lost decade for economic growth ( Read more... )