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Market corrections and recessions aren't the same thing, the chart you posted clearly shows Black Monday as not being a result of a recession. A rebalancing of
by zjaffee 8y ago
Market corrections and recessions aren't the same thing, the chart you posted clearly shows Black Monday as not being a result of a recession. A rebalancing of the stock market at large doesn't necessarily result in mass unemployment, followed by mass foreclosure and so on.