THE RETURN OF DEPRESSION ECONOMICS?

This is from RGE Monitor contributor Nicholas Bloom, who's also been doing work for the National Bureau of Economic Research. In a few words he's telling us that market volatility has now returned to Great Depression levels.

In the first graph, we see that from the 1880s through the early 1960s market volatility reached 60% in 1929 and in the late 1930s ...

Well, guess what? Here we go again ...



The incredible thing is that the political and economic leaders of this country didn't see this coming. Today's market developments didn't help things much either ...




- Mark