I have said it before, but I will say it again. The 2000s will be called the zeros by historians.

Feb 19, 2009 12:00

 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... )

the zeros

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Comments 5

I've had a complete change of heart lucidpseudogod February 19 2009, 18:17:31 UTC
I used to think that Evil was bad, but without Evil for inspiration, who would make such wonderful art, inspired by Greed

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switchjohnny February 19 2009, 19:14:38 UTC
Oh come on.. rich people will always find a way to make their slaves dance. You just might have to wait for their children to do it.

Recession 2009

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beeooll February 19 2009, 20:02:09 UTC
The biggest lesson I'm learning from all of this is that in every decade, in every point of any economic cycle, you'll find people with a scarcity mindset and you'll find those who still choose to relentlessly aim their sights on abundance.

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cieldumort February 19 2009, 20:21:54 UTC
Hyperbole hoagie. I take issue with the statement that the decade 99-09 was "as bad" as the Great Depression. And the stock market comparison is cherry picking to make the author's point. Take the same snapshot two months ago and the statement looks weak.

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theheretic February 20 2009, 00:07:45 UTC
Optimism was disproved by Voltaire in 1760. Pessimism, or rather Cynicism, was invented 2300 years ago by an Athenian Greek named Diogenes. Cynicism remains strong and repeatedly proven correct by history. How do you feel about taking up a more rational philosophy?

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