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Actually I think it's a terrible chart. The stock market is a lot older than 1998, so why does it only begin there? "The line was high, then it was less high!"
by ggggtez 7y ago
Actually I think it's a terrible chart. The stock market is a lot older than 1998, so why does it only begin there?
"The line was high, then it was less high!" What happened to "we're not investing in wiggling lines"?
- arthurcolle 7y agoBecause the monetary regimes of, say, the late 20s, or the early 50s, or even into the late 70s and into the deregulatory periods of the 1980s are so vastly different than what exists now, that a comparison across vast timeframes would be completely specious. Not sure that is explicitly what they were trying to accomplish, but that is what I got out of the graphic.